Question

Which of the following is intended primarily to enhance a person's tax advantage and retirement income?

A. U.S. Savings Bond
B. IRA
C. Money market fund
D. Growth fund

Answer 1

B is the correct answer. An IRA, or individual retirement account, provides and enhances a person's tax advantages and retirement income. It can be individual, part of a trust fund, or company-based, for example from a life insurance company.

Answer 2

The answer is B. IRA