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1 year ago

the preferred type of retirement account for the typical college students working a part-time low-wage job would generally be:

1 answer:

4 0

The Roth IRA. The SEP IRA. Simple IRAs and Simple 401(k) Plans (k). You contribute Traditional after-tax dollars to a Roth IRA, retirement money grows tax-free, and you can generally make tax- and penalty-free withdrawals after the age of 5912.

With a Traditional IRA, you can contribute before or after taxes, your money grows tax-deferred, and withdrawals are taxed as current income once you reach the age of 5912. A Roth IRA is an Individual Retirement Account into which you make after-tax retirement. While there are no current-year tax advantages, your contributions and earnings can grow tax-free, and you can withdraw them tax- and penalty-free after age 5912 and five years.

To learn more about retirement, click here.

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3 years ago

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Explanation:

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4 years ago

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Answer:

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3 years ago

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3 years ago