SIE practice questionmediumRetirement Accounts
Which of the following account types is specifically designed to provide tax advantages for retirement savings?
- ACash account
- BMargin account
- CTraditional IRA✓ Correct answer
- DCustodial account
Explanation
Why C — Traditional IRA
Traditional IRAs are retirement accounts with tax benefits. Margin and cash accounts are standard brokerage types. Custodial accounts are for minors, not specifically for retirement.
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