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Thursday, May 13, 2021

The different types of retirement plans, explained | The Simple Dollar

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Retirement is one of the unstoppable things in life that leaves you with no choice but to prepare for it. There are different retirement plans to choose from, and the right retirement plan for you is determined by your income and employment. If you are a low-income earner, then you are eligible for a Roth IRA or a traditional IRA with tax deductions. If you are a high-income earner, you can’t get the tax deduction benefits of a traditional IRA or contribute to a Roth IRA.

Source: https://www.thesimpledollar.com/investing/retirement/what-retirement-plan-youre-talking-about/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+thesimpledollar+%28The+Simple+Dollar%29

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