INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-The [Roth | traditional] IRA is typically recommended for people in their 30s or 40s.

Question

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-The [Roth | traditional] IRA is typically recommended for people in their 30s or 40s.

Quizplus · Accepted Answer

A Roth IRA is typically recommended for younger individuals, such as those in their 30s or 40s, because they are likely in a lower tax bracket now compared to when they retire, allowing them to benefit from tax-free withdrawals in retirement.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which