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Sonbull [250]
4 years ago
13

What is the purpose of tax-deferred retirement accounts?

Advanced Placement (AP)
1 answer:
Gala2k [10]4 years ago
6 0

The idea is to put time on your side, allowing years of investment savings and income to compound, without having to pay tax on it. You can accumulate tax-deferred savings in several ways: Fund tax-deferred accounts like an IRA or employer-sponsored retirement plan such as a 401(k), 457 or 403(b) plan.\

answer is b

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