IRAs, or individual retirement accounts, are self-directed investment vehicles designed to provide supplemental retirement income. They offer tax advantages and can be invested in a variety of assets, including stocks, bonds, and mutual funds.

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IRAs Are

Question 57

Multiple Choice

IRAs are

A) self-directed investment vehicles designed to provide supplemental retirement income.
B) corporate retirement plans for self-employed individuals and small businesses.
C) specific classes of investments such as equities or bonds issued by certain corporations.
D) investment vehicles created by ERISA.
E) special types of life insurance policies.

Correct Answer: