An IRA is a retirement plan that some companies offer their employees. True or False

2 answers
Question:

An IRA is a retirement plan that some companies offer their employees.
True or False

Answers

False. IRA = Individual Retirement AccountCompanies that offer plans offer 401k.

Answer: False Explanation: An Individual Retirement Account (IRA) is an account which gives individuals the opportunity to save for retirement in a financial institution. IRA has tax benefit which is of great advantage to account holders.  IRA is of different types, some of which are: traditional IRA, Roth IRA and so on.

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