The following instruments are classified as follows:
a. Corporation bonds (I)
b. IRA - (R)
c. US Series EE bonds (I)
d. Savings account (S)
e. Common stock (I)
f. Mutual funds (I)
g. Credit union (S)
h. Savings and loan association (S).
From the above it is clear which instrument is a savings, investment or retirements device.
A retirement device is a device that is used to shoreup funds for a person in view of their retirement.
Hence, from the list above, the retirement device is the IRA- Individual Retirement Account.
Learn more about retirement devices at:
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