select the correct answer. which of these is a personal retirement plan in which earnings are taxed at…

select the correct answer. which of these is a personal retirement plan in which earnings are taxed at withdrawal? a. 401(k) b. roth ira c. traditional ira

select the correct answer. which of these is a personal retirement plan in which earnings are taxed at withdrawal? a. 401(k) b. roth ira c. traditional ira

Answer

Brief Explanations:

In a traditional IRA, contributions are often tax - deductible, but earnings are taxed at withdrawal. In a 401(k), contributions are pre - tax and earnings are taxed at withdrawal. In a Roth IRA, contributions are made with after - tax dollars and qualified withdrawals, including earnings, are tax - free.

Answer:

C. traditional IRA