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Which of the following is considered a peripheral device?
Deductible IRA Contribution
An investment in an Individual Retirement Account that can be deducted from gross income for tax purposes, thus reducing taxable income.
Pension Plan
A type of retirement plan typically sponsored by employers that provides monthly income to employees after they retire.
Defined-contribution Plans
Retirement plan wherein employees contribute a fixed amount or a percentage of their paychecks into an account that is intended to fund their retirements.
Maximum Contribution Limits
The highest amount that can be contributed to a retirement plan, savings account, or other tax-advantaged account in a given period without incurring penalties.
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