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A retirement plan offered by banks and investment companies in which an individual pays taxes on money contributed but not on the money withdrawn, is called a ___ _ plan. A. Roth IRA B. Roth 401(k) C.
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A retirement plan offered by banks and investment companies in which an

individual pays taxes on money contributed but not on the money withdrawn,
is called a ___ _ plan.
A. Roth IRA
B. Roth 401(k)
C. 401(k)
D. IRA

User Manav Mehra
by
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2 Answers

2 votes

Answer:

Roth IRA

Step-by-step explanation:

User Adrian Krebs
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1 vote

Answer:A tax-deferred savings plan is an investment account that allows a taxpayer to postpone paying taxes on the money invested until it is withdrawn after retirement. The best-known such plans are Individual Retirement Accounts (IRAs) and 401(k) plans.

Step-by-step explanation:

User Anil Parshi
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