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ect the best definition of an IRA.
a. An IRA is a tax-advantaged investing tool set up by individuals for retirement savings
b. An IRA is a retirement plan offered to you by your employer
c. An IRA is an investment type with a fixed rate of return
d. An IRA is a retirement savings plan that guarantees a fixed rate of return



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GinnyAnswer
An IRA stands for Individual Retirement Account. The best definition of an IRA is: a. An IRA is a tax-advantaged investing tool set up by individuals for retirement savings. Explanation: 1. An IRA is a personal savings account that offers tax advantages to help individuals save and invest for retirement. 2. It is not offered by an employer like a 401(k) but is set up individually by the account holder. 3. Contributions to traditional IRAs may be tax-deductible, and earnings grow tax-deferred until withdrawal during retirement. 4. Roth IRAs offer tax-free growth on contributions made with after-tax money, allowing tax-free withdrawals in retirement. 5. IRAs provide individuals with a way to save and invest for their retirement years while benefiting from tax advantages.

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