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How does lava differ from magma?
Income Stocks
Shares in companies that regularly distribute a high portion of their earnings to shareholders in the form of dividends.
Traditional IRA
A savings plan in which the income generated by the account is tax-deferred until it is withdrawn from that account.
Tax Liability
The total amount of tax that an individual or organization owes to the tax authorities.
401k Contributions
401k contributions are pre-tax or post-tax money individuals contribute to their 401k retirement savings plan, often matched by their employer to some extent.
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