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Which of the following examples can be described as totalitarian?
Employer Contributions
Employer contributions refer to the amounts added by an employer to an employee's benefits or retirement savings accounts, such as a 401(k) plan, often matching the employee's contributions up to a certain percentage.
Tax-Deferred Plans
Investment accounts, such as IRAs or 401(k)s, where contributions may reduce taxable income in the year made, with taxes paid later upon withdrawal.
Accumulation Period
The phase in some investment vehicles, such as annuities, during which an investor builds up their investment value through payments or investment returns.
Distribution Period
The timeframe over which payments are made from a retirement or investment account to the account holder.
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