QUESTION 6 10 points Saved What is a savings account designed for? a. Investing money ob Saving money c. Spending money d. Counting money QUESTION 7 10 points Saved If you expect your income taxes to be higher when you retire and you are saving for retirement, you should invest in a traditional IRA. b.gold c. certificate of deposit. od.roth IRA. QUESTION 8 10 points Save Answer A 529 plan is a. a plan where taxes are not paid on the money or interest earned until the year it is withdrawn. b. an account which allows the holder to write checks against deposited funds. c. funds set aside to go toward post-secondary education expenses. d. funds set aside to be withdrawn after age 59.5 without penalty