Match each account to the correct description.
403(b)
traditional IRA
roth IRA
401(k)
a. This retirement account
can feature a company-
match plan that allows
you to contribute a por-
tion of your wages
which are then matched
by your employer (up to
a certain percentage of
your salary).
b. This retirement account
is funded with after-tax
dollars. When you make
withdrawals, the money
will be tax free.
c. This retirement account
is a benefit for employ-
ees of schools and
other tax-exempt orga-
nizations. You can in-
vest your contributions
in either annuities or
mutual funds.
d. This retirement account
is not taxed until you
take a distribution, and
any contributions that
you make are typically
tax-deductible. It is a
way to save for retire-
ment that gives you
some tax advantages.

Question

04-05-2024
Business

Answered

Match each account to the correct description.
403(b)
traditional IRA
roth IRA
401(k)
a. This retirement account
can feature a company-
match plan that allows
you to contribute a por-
tion of your wages
which are then matched
by your employer (up to
a certain percentage of
your salary).
b. This retirement account
is funded with after-tax
dollars. When you make
withdrawals, the money
will be tax free.
c. This retirement account
is a benefit for employ-
ees of schools and
other tax-exempt orga-
nizations. You can in-
vest your contributions
in either annuities or
mutual funds.
d. This retirement account
is not taxed until you
take a distribution, and
any contributions that
you make are typically
tax-deductible. It is a
way to save for retire-
ment that gives you
some tax advantages.

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-05-04T22:36:28-04:00

Sure! Here are the correct matches for each retirement account: - 403(b): This retirement account is a benefit for employees of schools and other tax-exempt organizations. You can invest your contributions in either annuities or mutual funds. - traditional IRA: This retirement account is not taxed until you take a distribution, and any contributions that you make are typically tax-deductible. It is a way to save for retirement that gives you some tax advantages. - roth IRA: This retirement account is funded with after-tax dollars. When you make withdrawals, the money will be tax free. - 401(k): This retirement account can feature a company-match plan that allows you to contribute a portion of your wages which are then matched by your employer (up to a certain percentage of your salary).