401(k)/403(b)/TSAWhile
increasing your retirement account savings does lower your take home
pay, it also lowers your Federal income tax withholdings. The impact on
your paycheck might be less than you think.
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Mutual Funds
A mutual fund is a company that makes investments on behalf of investors
with similar goals. As a shareholder, you participate in the fund's
gains, losses, income and expenses in an amount proportionate to your
investment. |
IRAs & Roth IRAs
The
Roth IRA provides no deduction for contributions, but instead provides a
benefit that isn't available for any other form of retirement savings:
if you meet certain requirements, all earnings are tax free when you or
your beneficiary withdraw them.
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