Answer:
Step-by-step explanation:
Yes, it is, more or less. This is because with a tax-deferred account, tax savings are gotten when you make contributions, but when it then comes to a tax-exempt account, the withdrawals are instead free of tax during retirement.
In a tax-deferred account, you can make immediate tax deductions as much as the full amount of your intended contribution, but then, subsequent withdrawals from the same account will be taxed at the normal income rate.
On the other hand, tax-exempt accounts don't deliver a tax benefit, particularly when you contribute to the them, they provide tax benefits that comes much later
