Question

post - assessment
question 3 of 5
how are iras different from 401(k), 403(b), and pension accounts?
401(k), 403(b), and pensions are not employee - sponsored
iras are not employer - sponsored
401(k), 403(b), and pensions have more limits on savings
iras use pre - tax dollars only

Explanation:

401(k), 403(b), and pension accounts are employer-sponsored retirement plans, while IRAs (Individual Retirement Accounts) are opened and managed independently by individuals, without employer sponsorship. The other options are incorrect: 401(k), 403(b), and pensions are employer-sponsored; IRAs have lower contribution limits than 401(k)s; and IRAs can be either pre-tax (traditional IRA) or after-tax (Roth IRA).

Answer:

IRAs are not employer-sponsored