Question

Which of the following would NOT be considered as one of the advantages of Individual Retirement Accounts (IRAs)?
A.Contributions in mutual funds and stocks can be made in consistently smaller deposits.
B.All withdrawals from IRAs are tax free.
C.Money continues to grow tax free.
D.Investment earnings are treated as capital gains by the Internal Revenue Service, and thus the tax rate is lower.
E.Money contributed to the IRA is not initially taxed as income.

Answer

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