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Yearly Contribution
The amount of money contributed to an investment or savings account on an annual basis.
Traditional Retirement Plan
A tax-deferred retirement savings account where contributions may lower current taxable income and earnings grow tax-free until withdrawn.
Roth Retirement Plan
A type of retirement savings plan where contributions are made with after-tax dollars, and qualified withdrawals in the future are tax-free.
Income Growth
The increase in the amount of money earned from investments or employment over time, reflecting economic expansion or personal financial improvement.
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