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To protect against spoofing, firms need a way to:
Withdrawal Requirements
Mandatory rules governing the minimum amounts that must be withdrawn from retirement accounts after reaching a certain age.
Taxable
Describes income or transactions subject to taxation under federal, state, or local laws.
Traditional IRA
A tax-advantaged retirement account allowing individuals to make pre-tax contributions, with taxes deferred until withdrawals in retirement.
Deductible Contributions
Contributions made to certain types of retirement accounts or health savings accounts that can be subtracted from taxable income.
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