Retirement and Savings Terms
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4 Terms
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401(k) Plan
A retirement savings plan offered by many American employers that has tax advantages for the saver.
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IRA (Individual Retirement Account)
A tax-advantaged account that individuals can use to save and invest for retirement.
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Roth IRA
A type of IRA where contributions are made with after-tax dollars, but qualified withdrawals are tax-free.
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Health Savings Account (HSA)
A tax-advantaged account used to pay for eligible medical expenses.
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