option A is correct, i.e. "No need to pay taxes" is not a benefit of contributing to a retirement account.
Step-by-step explanation:
Retirement Accounts are suitable for getting regular income after retirement age. It helps in accumulating wealth for retirement by contributing small amounts in regular interval during employment. Its features are reduction in taxable income, employer matching, and contributions earning interest once deposited. Still there are some chances to pay taxes as per relevant income slabs.
Hence, option A is correct, i.e. "No need to pay taxes" is not a benefit of contributing to a retirement account.
