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As the end of stage 1 labor nears, contractions tend to:
Deductible IRA Contribution
A contribution to an Individual Retirement Account that can be subtracted from gross income, reducing taxable income.
Pension Plan
A retirement savings plan provided by an employer which guarantees a specified income to the employee upon retirement.
SIMPLE Plan
A Savings Incentive Match Plan for Employees that allows employees and employers to contribute to traditional IRAs set up for employees, intended for small businesses.
Tax-deferred Plans
Investment accounts, such as 401(k)s or IRAs, where contributions are tax-deductible and taxes on earnings are delayed until withdrawal.
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