An IRA (individual retirement account) is a tax-deferred investment plan that encourages workers to save for retirement.

Question

Quizplus · Accepted Answer

This statement is true. An IRA is a type of investment plan specifically designed to help individuals save for their retirement, with certain tax benefits that can make it easier to accumulate funds over time. The exact rules and regulations for IRAs can vary depending on a number of factors, such as the type of IRA, the individual's age and income level, and so on. But in general, an IRA is a solid choice for anyone who wants to plan ahead financially for their golden years.

An IRA (Individual Retirement Account) Is a Tax-Deferred Investment Plan