Question

Which of the following retirement plans offer tax benefits? A) IRA B) 401 C) 403 D) Both B & C E) All of the above

Answer 1

The answer is E) All of the above

Answer 2

The correct answer is:

E) All of the above

Explanation:

For an IRA, contributions are usually made with pre-tax dollars, and you don't pay taxes until you withdraw money. You may also be able to deduct the amount you contribute to a traditional IRA.

For a 401(k), contributions are usually made with pre-tax dollars, and you don't pay taxes until you withdraw funds.

For a 403(b), contributions may be made with pre-tax dollars and income from investments is tax-free until you withdraw funds.