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The breakdown of the Bretton Woods system occurred because
Deductible Keogh Contribution
Contributions to a retirement plan for self-employed individuals or unincorporated businesses, allowing for tax deductions.
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.
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