Question

Victor is a mechanic who wants to ensure he has enough funds during his old age. Which account will be of benefit to Victor?

Answer 1

Answer:

D.  

individual retirement account

Step-by-step explanation:

The account that will be beneficial to Victor, to ensure he has enough funds during his old age, is the  individual retirement account(IRA).

Answer 2

Answer:

The most appropriate answer option is D. Individual Retirement Account.

Step-by-step explanation:

We know that Victor is a mechanic and he wants to make sure that he has enough funds during his old age.

For this purpose, an Individual Retirement Account (IRA) would be the most suitable and beneficiary for him.

An Individual Retirement Account is a type of account that is tax advantaged and aims to help people save for their post retirement life.