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Identify and Give the Historical Significance of Each of the Following

question 69

Essay

Identify and give the historical significance of each of the following terms, events, and people in a paragraph or two.
-Abby Kelley


Definitions:

Traditional Retirement Plan

A retirement savings plan that offers tax advantages to the saver, often involving tax-deferred growth until withdrawals.

Postpone Taxes

A financial strategy that seeks to delay the payment of income taxes on earnings through various tax-advantaged accounts or investments.

401k Plans

Retirement savings plans sponsored by employers that allow employees to save and invest a piece of their paycheck before taxes are taken out.

403b Plans

Tax-deferred retirement savings plan available for public education organizations, some non-profit employers, and self-employed ministers.

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