Question

An IRA is a retirement plan that some companies offer their employees.
True or False

Answer 1

False.

IRA = Individual Retirement Account

Companies that offer plans offer 401k.

Answer 2

Answer: False

Explanation:

An Individual Retirement Account (IRA) is an account which gives individuals the opportunity to save for retirement in a financial institution. IRA has tax benefit which is of great advantage to account holders. IRA is of different types, some of which are: traditional IRA, Roth IRA and so on.