Which is the best investment option for a person who wants to make a long-term,tax-free investment?
A.traditional IRA
B.Roth IRA
C.401(k)
D.money market account
401 (K) plans are mainly sponsored plans for employers it defined contribution retirement plans. public education and entities are exempted from taxation.
401 (K) plan provides the option for the employer to match the employee contribution.
401 (K) plan is the easiest way for an employee to contribute a portion of his paychecks savings.
