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Today General Knowledge(GK)
In pension plans for employees, special account through which funds are remained nontaxable until employee retires is classified as?
A)
portability account
B)
individual retirement account
C)
vesting account
D)
Keogh retirement account

Correct Answer : Option (B) - individual retirement account



An Individual Retirement Account (IRA) is a tax-advantaged account that is designed to help you save for retirement. There are two different types of IRAs: Traditional and Roth IRAs.

Published On : June 27, 2021
Category : Banking
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