A tax-deferred savings plan is an investment account that allows a taxpayer to postpone paying taxes on the money invested until it is withdrawn, generally after retirement. The best-known such plans are individual retirement accounts (IRAs) and 401(k)s
With the Federal Reserve changing gears and inflation data showing continued relief, I thought now would be the perfect time to reach out with a more comprehensive update on the markets and the economy at-large.
You need to consider your tax bracket when you come up with a plan for drawing on your savings for retirement.
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