Question

which of the following types of mutual funds would be best suited for a person over the age of 65 in a relatively low tax bracket who will need money for retirement? a. a growth fund. b. a balanced fund. c. an international fund. d. an income fund.

Explanation:

An income fund provides regular income, which is beneficial for retirees who need a steady cash - flow. Growth funds focus on long - term capital appreciation, balanced funds mix stocks and bonds for moderate growth and income, and international funds invest in foreign companies with higher risks. For a 65 - year - old in a low tax bracket needing retirement money, income stability is key.

Answer:

D. An income fund