Which of the following is not a pre-tax account for investing?Group of answer choicessavings account401(k) plans403(b) plansPensionsTraditional IRAs
Question
Which of the following is not a pre-tax account for investing?Group of answer choicessavings account401(k) plans403(b) plansPensionsTraditional IRAs
Solution
The answer is "savings account". This is not a pre-tax account for investing. The other options - 401(k) plans, 403(b) plans, Pensions, and Traditional IRAs - are all types of accounts where you can invest money before taxes are taken out.
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