Tommy is 58-year-old and has operated his Roth IRA account for 7 years. He intends to retire at 60. Exactly six months ago, he withdrew 23 of his Roth IRA balance and invested in the stocks of a company that just filed for bankruptcy. He wants a steady income when he is retired. What retirement plan is best for Tommy?

Question

Tommy is 58-year-old and has operated his Roth IRA account for 7 years. He intends to retire at 60. Exactly six months ago, he withdrew 23 of his Roth IRA balance and invested in the stocks of a company that just filed for bankruptcy. He wants a steady income when he is retired. What retirement plan is best for Tommy?
A. another Roth IRA
B. mutual funds
C. an annuity
D. a traditional IRA

anonymous · Answer

A ira mutual funds or a fundraiser

devon · Answer

soooooo whats the answer

Zaphior · Answer

The answer is "an annuity" hope it helps the previous guy is not correct I also just got it correct on the test.