SIE practice questioneasyRetirement Accounts
Which of the following is a qualified retirement account that offers tax-deferred growth and may be funded by an individual?
- ATraditional IRA✓ Correct answer
- BMargin account
- CUTMA account
- DAccount at a mutual fund company
Explanation
Why A — Traditional IRA
Traditional IRAs are individual retirement accounts offering tax-deferred growth with annual contribution limits. Margin and UTMA accounts are not retirement accounts, and simply having an account at a mutual fund company does not ensure tax-deferral or retirement status.
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