"IRAs and Keogh Plans offer consumers the opportunity to make tax deferred contributions to a retirement fund" is TRUE.
Option: A
Explanation:
A tax deferred pension plan which is available for retirement purposes for self-employed individuals or unincorporated companies is understood as a Keogh scheme. Such plan can be developed either as a specified-benefit or a defined-contribution program, even though most plans are structured out as defined contribution.
A Keogh is supported by an employer and allows for higher investments than an IRA. IRA is an individual retirement program, which is a type of individual retirement plan offered by several financial organizations in United States that offers tax benefits for savings on retirement.
