Which types of retirement accounts are available for individuals to invest in?

The correct choice encompasses several types of retirement accounts recognized for individual investment, providing a range of options to help save for retirement while offering various tax advantages.

A Traditional IRA allows individuals to make tax-deductible contributions, with taxes owed upon withdrawal during retirement. A Roth IRA enables individuals to contribute post-tax dollars and withdraw funds tax-free in retirement, provided specific conditions are met.

The 401(k) is an employer-sponsored plan that provides tax-deferred growth, allowing employees to contribute a portion of their salary before taxes. The 403(b) is similar but specifically designed for employees of public schools, certain non-profits, and some church organizations, providing similar tax benefits. Lastly, a SEP IRA is a simplified employee pension plan that allows self-employed individuals and small business owners to make contributions to their retirement.

This combination of accounts illustrates the diversity of retirement savings vehicles available to individuals, each tailored to meet different needs, contributions limits, and tax implications.

The other choices include options that do not primarily serve as retirement accounts (like Health Savings Accounts and Flexible Spending Accounts) or mix in taxable investment accounts, which are not specifically designed to offer tax advantages for retirement savings.