Most employers, especially the medium and large-sized ones, provide some sort of retirement plan. A large percentage of those are traditional 401(k)s, where you contribute pre-tax dollars into the plan, you do not pay any taxes on gains inside the plan, and then every single dollar you take out of the plan in the future is fully taxable. Another well-known retirement account is the Roth IRA, which is almost the complete opposite of the 401(k). Like 401(k)s, the growth inside Roth IRAs is not taxed, but unlike 401(k)s, post-tax dollars go in, you can’t save into them right out of…
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