To encourage individuals to save for their retirement, governments have initiated programs for tax-free savings vehicles, such as in the U.S. individual retirement accounts (IRAs) in either traditional IRAs whereby taxes are paid when distributions on IRAs are taken at retirement or Roth IRAs where taxes are deducted at the time of the investment, allowing distribution to be tax-free when taken at retirement.

Question

Quizplus · Accepted Answer

Governments have indeed initiated programs for tax-free savings vehicles such as IRAs in the U.S.

To Encourage Individuals to Save for Their Retirement, Governments Have