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Roth Retirement Plan
A type of retirement savings account allowing taxed contributions to grow tax-free, with withdrawals in retirement also being tax-free.
Regular Retirement Plan
A retirement savings plan that allows individuals to save and invest for retirement, typically with tax advantages or benefits.
Tax Rate
The percentage at which income or financial transactions are taxed by the government.
Total Savings
The sum of all savings held by an individual or institution, often including bank accounts, investments, and other forms of financial reserves.
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