Examlex
A flexible benefits plan may include certain non-optional items.
Nontaxable
refers to income or financial transactions that are not subject to tax by the government.
Traditional IRAs
Retirement savings accounts that allow individuals to make pre-tax contributions, deferring taxes until the money is withdrawn.
Roth IRAs
Retirement accounts where contributions are made with after-tax dollars, and qualified withdrawals in the future are tax-free.
Coverdell Education Savings Accounts
A tax-advantaged investment account in the United States designed to encourage savings for future education expenses.
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