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Discuss transparency as it relates to openness.
Tax-Free Withdraw
Taking money out of a financial account, such as a Roth IRA, without incurring tax liability on the distribution.
Nondeductible Contributions
Contributions to certain retirement accounts that cannot be deducted from current income taxes, but may potentially grow tax-free until withdrawal.
Tax Basis
The value of an asset for tax purposes, used to calculate gain or loss on the sale or other disposition of the asset.
Taxable Portion
The part of an income or transaction that is subject to taxes, after exemptions and deductions have been applied.
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