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Which statements are true regarding a traditional individual retirement account? Choose three answers. Employers create them and match employee contributions. People can contribute to the account until retirement age. People can withdraw money penalty-free at any time. Contributions to the account are limited each year. Contributions reduce taxable income.

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The true statement about this account is that people can contribute to the account until retirement age.

The Traditional individual retirement accounts is one which allow contribution to the account where investments grow tax-deferred until withdrawal during retirement period.

  • This type of retirement accounts is popular because they are not taxed until retirement.

  • Hence, the true statement about this account is that people can contribute to the account until retirement age.

Therefore, the Option B is correct.

Read more about Traditional IRAs

brainly.com/question/1637877

Answer:

1. People can contribute to the account until retirement age. 2. Contributions to the account are limited each year. 3. Contributions reduce taxable income. Answers: B, D, E

Explanation:

It can't be "People can withdraw money penalty-free at any time." because withdrawing too early from a IRA with result in 10% early withdrawal penalty.

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