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Xavier needs an investment that is low risk and offers tax savings. He doesn't mind if it has limited contributions per year. Which of these would suit his needs?
IRA<----- MY ANSWER
I think that's correct, but I would seek a second opinion.
is the answer IRA
Either CD or money market account because both are low risk and have great returns
But it does have a lower interest rate than a CD so i would go with A.
My two cents, that are solid is stocks are high risk. My opinion is the answer choice \(a\) aka CD is probably the correct answer. (I believe CD are safer than IRA too, not sure about IRA-Specific CDs.)