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Retirement Savings Plan
A retirement savings plan is a financial arrangement designed to replace employment income upon retirement, which can include various types of accounts like 401(k)s and IRAs.
Tax-exempt Saving
An investment account or product that offers tax benefits, such as no taxation on the interest or profits earned.
529 Plan
A tax-advantaged savings plan designed to encourage saving for future education costs, including tuition, fees, and room and board.
Annual Return
The percentage change in an investment's value over a one-year period, taking into account both capital gains and dividend or interest earnings.
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