Since Jennifer wants to invest money for her retirement in a long-term, low-risk the best option for Jennifer is an individual retirement account (IRA). Therefore, B is the correct option.
Investing is a financial instrument that is defined as the process of investing our money in any other financial instrument such as bonds, mutual funds, market shares, and so on. There are many purposes for investing the money, such as some people invest to finance the education of their children, some invest to purchase a new home and some for their retirement like Jennifer. However, investing is based on market forces, which makes it volatile.
Since Jennifer wants to invest money for her retirement in a long-term, low-risk the best option for Jennifer is an individual retirement account (IRA). Therefore, B is the correct option.
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