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Traditional IRA
A type of retirement account that offers tax-deferred growth, with taxes being paid only upon withdrawal in retirement.
Distributions
Money paid out to shareholders from a corporation's earnings or a fund's assets.
IRA Balance
Refers to the total amount of money that is currently saved within an Individual Retirement Account, a tax-advantaged retirement savings account.
401(k) Plan
A retirement savings plan sponsored by an employer that allows workers to save and invest a portion of their paycheck before taxes are taken out.
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