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.
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