SIE practice questioneasyAccount Types - Retirement Accounts
Which account type allows for tax-deferred growth for retirement savings?
- ACash account
- BTraditional IRA✓ Correct answer
- CCustodial account
- DJoint account
Explanation
Why B — Traditional IRA
Traditional IRAs allow tax-deferred growth. Cash, custodial, and joint accounts generally do not have tax-deferred status.
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