Mckenzie Campos
05/09/2023 · Elementary School
Which of the following retirement plans places a maximum amount that an individual can contribute to the fund in a given year at \( \$ 5,000 \) ? a. \( 401(\mathrm{k}) \) b. Tax-Deferred Annuity c. Pension d. IRA
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The retirement plan that places a maximum amount that an individual can contribute to the fund in a given year at \( \$5,000 \) is:
d. IRA (Individual Retirement Account)
Note that contribution limits can change, so it's always a good idea to check the latest IRS guidelines for the most current information.
Quick Answer
d. IRA
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