Mike is saving his emergency funds in an IRA account. Is his strategy a good one? Select the best answer from the choices provided.
A. Yes, because IRAs have tax advantages over regular bank accounts.
B. Yes, because IRAs usually earn more than savings accounts.
C. No, because only employers can contribute to IRA accounts.
D. No, because some funds cannot be withdrawn from IRA accounts without paying penalties.
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Mike is saving his emergency funds in an IRA account. Is his strategy a good one? Select the best answer from the choices provided. A. Yes, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » Mike is saving his emergency funds in an IRA account. Is his strategy a good one? Select the best answer from the choices provided. A. Yes, because IRAs have tax advantages over regular bank accounts. B.