| Employer matching program contributions are made using pre-tax dollars | Most public servants in the United States are covered by pension programs rather than Social Security |
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| Retirement is an important consideration for everyone, and when not forced to retire due to various reasons such as illness or disability, most people choose to retire when they are ready and comfortable with the decision | While it is somewhat possible to retire with nothing in savings and to rely solely on Social Security which an unfortunately significant number of Americans in the U |
| The first phase is the accumulation or deferral phase, during which a person contributes money to the account or pays a premium | 401 k s vary from company to company, but many employers offer a matching contribution up to a certain percentage of the gross income of the employee |
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| In contrast, Roth IRA contributions are deposited using after-tax dollars and are not taxed when withdrawn during retirement | There are two types of annuities: immediate and deferred |
Tax-advantaged retirement accounts listed above will most likely use these same investments in their portfolios, with the addition of the tax benefits.
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