Which statement explains a major difference between a traditional Individual Retirement Account (IRA) and a Roth IRA? A)Traditional IRAs are supplemental plans provided by private brokerages while Roth IRAs are employer-based retirement plans.
B)Traditional IRAs are employer-based retirement plans, while Roth IRAs are supplemental plans provided by private brokerages.
C)Traditional IRAs provide tax breaks at the time of withdrawal, while Roth IRAs are tax-deductible for the year the contributions are made.
D)Traditional IRAs are tax-deductible for the year the contributions are made, while Roth IRAs provide tax breaks at the time of withdrawal