________ are similar to 401(k)plans as they are both funded with pretax earnings.
A)Roth IRAs
B)Traditional IRAs
C)Certificates of deposit
D)Mutual funds

Question

Quizplus · Accepted Answer

Traditional IRAs, like 401(k) plans, are funded with pretax earnings, meaning that the money is deducted from your paycheck before taxes are taken out. Roth IRAs, on the other hand, are funded with after-tax dollars. Certificates of deposit and mutual funds are investment products, but they are not necessarily funded with pretax earnings.

________ Are Similar to 401(k)plans as They Are Both Funded