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Chandriga Suppiah has opened a Roth IRA with North Carolina State Bank and plans on making regular contributions to this account until she retires. Which of the financial services is Chandriga taking advantage
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Chandriga Suppiah has opened a Roth IRA with North Carolina State Bank and plans on making regular contributions to this account until she retires. Which of the financial services is Chandriga taking advantage of? A. Getting financial advice B. Getting venture capital services C. Buying a retirement plan D. Managing cash E. Getting a consumer loan

User Niels Brinch
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Answer:

C. Buying a retirement plan

Step-by-step explanation:

Chandriga Suppiah is taking advantage of buying a retirement plan. The Roth IRA is one of the most popular retirement plans that an individual can buy in the United States. Individuals are able to invest a maximum amount of $5,500 per year which goes generating compound interest as the year's progress. The total balance of the account can be withdrawn when the individual hits the age of 59 1/2 years old completely tax-free. Meaning that they do not have to pay taxes on the account balance and can use all of that money to enjoy their retirement.

User Dick Guertin
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