ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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money market account
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401(k)
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traditional IRA
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Roth IRA
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Detailed explanation-1: -A Roth IRA is one of the best possible ways to invest for retirement, and in fact, many experts think it’s the single best retirement account to have. That’s because a Roth IRA allows you to grow your money tax-free for decades and then withdraw it without paying taxes in retirement, too.
Detailed explanation-2: -Bond Funds and ETFs One of the best ways that investors can make long-term investments in bonds while minimizing risk of loss from default is by investing in bond-based funds. These funds operate similarly to stock funds, except that they invest in bonds and other income-producing investments rather than equities.
Detailed explanation-3: -The best U.S. stock ETFs for Roth IRAs are funds in a seven-way tie: IVV, VOO, SPLG, SPTM, ITOT, VTI, and BKLC. The best bond ETF for Roth IRAs is BKAG. The best global investing ETF for Roth IRAs is SPDW.
Detailed explanation-4: -Small-cap stocks and mutual funds. Index funds. International stocks (particularly emerging market companies or funds that focus on holding these types of companies). High-yield corporate bonds. Initial public offerings, or IPOs. High-dividend stocks. High-dividend ETFs. 09-Feb-2023
Detailed explanation-5: -Index funds. Exchange-Traded Funds (ETFs) Real estate. Individual stocks. Cryptocurrency. Yourself. 22-Feb-2023