alexteubert29 alexteubert29

15-07-2024
Business

Answered

Which investment is an example of a tax-deferred investment account?

A. 529 plan
B. Corporate bonds
C. Stocks
D. Traditional IRA

Answer :

GinnyAnswer GinnyAnswer

15-07-2024

Final answer:

Tax-deferred investment accounts, like traditional IRAs, delay tax payments until withdrawal, offering tax benefits for investors.

Explanation:

Tax-deferred investment accounts allow individuals to invest funds without paying taxes until withdrawal. One example of a tax-deferred investment account is the traditional IRA. Contributions to a traditional IRA are made with pre-tax dollars, and taxes are paid upon withdrawal, providing a tax-deferred growth benefit.

Learn more about Tax-deferred investment accounts here:

https://brainly.com/question/32181427

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