Register
Your friend wants to put money aside for retirement. He can only afford $5,000 a year max and he wants to make sure that the money is not taxed when he withdraws it after he’s 59 ½. Which account would
12.7k views
0 votes
Your friend wants to put money aside for retirement. He can only afford $5,000 a year max and he wants to make sure that the money is not taxed when he withdraws it after he’s 59 ½. Which account would you recommend? Roth IRA Traditional IRA 401(k) 403(b)

User KGo
by
7.5k points

1 Answer

1 vote

Answer:

Roth IRA

Step-by-step explanation:

Roth IRA offers tax-free growth and tax-free withdraw in retirement.

User Narayana
by
9.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.8m questions

11.4m answers

Other Questions

What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!