Which One of the Following Is a Retirement Plan That

question 64

Multiple Choice

Which one of the following is a retirement plan that allows a $5,000 annual contribution with tax-free earnings after five years?

• A) Roth IRA
• B) Education IRA
• C) Keogh Account
• D) 401(k) Plan
• E) SEP

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Definitions:

Economic System

A framework that defines how a society allocates, produces, and distributes resources and goods.

Native Americans

Indigenous peoples of the United States, including their history, culture, and present-day issues, often referring to the many diverse tribes, nations, and ethnic groups who originally inhabited the land now known as the United States.

Mainstream

Dominant trends, norms, or values that are widely accepted and practiced within a society or culture.

Racial Justice

Advocacy for fair treatment of all people regardless of race, implicating efforts to address inequalities and systemic racism in society.