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Roth Retirement Plan
A type of retirement savings account that allows for tax-free withdrawals in retirement, with contributions made with after-tax dollars.
Higher Tax Rate
A tax bracket imposing a greater percentage of taxation on individuals, corporations, or particular transactions.
Tax Deductible
Expenses that can be subtracted from taxable income, reducing the total amount of tax owed.
Roth Retirement Plan
A retirement plan allowing individuals to contribute after-tax dollars, with tax-free withdrawals in retirement.
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