What insurance plan : a plan that earns tax-deferred interest income and has high risk

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05-07-2017
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What insurance plan : a plan that earns tax-deferred interest income and has high risk

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celai celai · Answer 1 · 2017-07-19T03:22:41+02:00

The insurance plan that earns tax deferred interest income and has high risk is the retirement plan which contain those in individual retirement accounts (IRAs) and deferred annuities. When you consume a particularly designated account or investment option that does not necessitate you to claim the investment income earned inside of the account each and every year on your tax return the tax deferred investments will take place.

MrsTriplet MrsTriplet · Answer 2 · 2019-03-20T18:37:10+01:00

A retirement plan is an insurance plan that earns tax-deferred interest income and has a high risk. Three types of tax-deferred income plans are 401(k), 403(b) and IRA(s). Tax-deferred interest allows money to be put into these accounts pre-taxed, so there is a larger amount of money actually going into the accounts. These plans are set to accumulate interest and are used as retirement plans.