Amy just started learning about options for saving for her retirement. Her friend is a big fan of tax-sheltered accounts.

Why do you suppose that is? Check all that apply.

Contributions may be tax deductible in the year the contributions are made.

Earnings are tax-deferred as long as they are reinvested within the account.

Some withdrawals may be tax-free.

Funds can be withdrawn at any time for any reason without penalty or tax payments.