SIE practice questioneasyAccount Types: Retirement Accounts
An IRA is BEST described as which of the following?
- AA tax-advantaged retirement account available to individuals✓ Correct answer
- BA corporate account for issuing new securities
- CA margin account for short selling
- DAn account for day trading only
Explanation
Why A — A tax-advantaged retirement account available to individuals
An Individual Retirement Account (IRA) is a personal account that offers tax advantages for retirement savings. The other options do not accurately describe an IRA.
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