question 5 of 10 which type of retirement account is intended primarily for self - employed workers? a…

question 5 of 10 which type of retirement account is intended primarily for self - employed workers? a. 401(k) b. roth ira c. social security d. sep ira

question 5 of 10 which type of retirement account is intended primarily for self - employed workers? a. 401(k) b. roth ira c. social security d. sep ira

Answer

Brief Explanations:

SEP - IRA (Simplified Employee Pension - Individual Retirement Arrangement) is designed mainly for self - employed workers and small business owners. A 401(k) is typically an employer - sponsored plan. Roth IRA can be used by various income - earners but isn't exclusive to self - employed. Social Security is a government - run retirement and disability program for all eligible workers, not specific to self - employed for retirement accounts.

Answer:

D. SEP IRA