When no employer-sponsored retirement plan is offered, you should contribute to a(n)?

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25-07-2022
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When no employer-sponsored retirement plan is offered, you should contribute to a(n)?

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tripatsingh039 tripatsingh039 · Answer 1 · 2022-08-05T08:45:39+02:00

When no employer-sponsored retirement plan is offered, you should contribute to a(n) individual retirement account (IRA).

An individual retirement account (IRA) is a type of pension offered by numerous financial organizations in the United States that offers tax benefits for retirement savings. It is a trust that manages investment properties bought with a taxpayer's income for the taxpayer's potential retirement benefit. one can save money for retirement tax-advantageously with an individual retirement account (IRA). An IRA is a financial institution-created account that enables someone to save for retirement while earning tax-free growth or on a tax-deferred basis.

Stocks and other securities can be bought and sold through brokerage accounts, which are taxable investment accounts. IRAs are intended for people who want to save for their retirement and allow their investments to grow tax-free or tax-deferred.

To know more about individual retirement account refer to: https://brainly.com/question/13032524

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