My account
Edit my Profile
Private messages
My favorites

Your friend wants to put money aside for retirement. He can only afford $5,000 a year max and he wants to make sure that the money is not taxed when he withdraws it after he’s 5…

Ask a Question
Questions
Unanswered
Tags
Ask a Question

asked Jun 26, 2021 12.7k views

0 votes

Your friend wants to put money aside for retirement. He can only afford $5,000 a year max and he wants to make sure that the money is not taxed when he withdraws it after he’s 59 ½. Which account would you recommend? Roth IRA Traditional IRA 401(k) 403(b)

Business
college

KGo asked

by KGo

7.9k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

1 vote

Answer:

Roth IRA

Step-by-step explanation:

Roth IRA offers tax-free growth and tax-free withdraw in retirement.

Narayana answered Jun 30, 2021

Your friend wants to put money aside for retirement. He can only afford $5,000 a year max and he wants to make sure that the money is not taxed when he withdraws it after he’s 5…

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions