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25 May, 16:41

Which of the following is an advantage of opening a Roth individual retirement account (IRA) as a young person with a full time job

A. The money in the account can be used to pay income taxes

B. It is a convenient way to save money for vacation

C. The money can be used to pay credit card debt if monthly expenses are high

D. Taxes are paid upfront, so no tax is collected when money is withdrawn

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Answers (1)
  1. 25 May, 18:49
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    The answer is D. Taxes are paid upfront so no tax is collected when money is drawn.
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