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IRAs

IRAs are tax-advantaged retirement-savings accounts offered by financial institutions, such as brokerage firms, banks and mutual fund companies. Contributions to a traditional IRA may be tax-deductible, depending on your income and whether you have a retirement plan at work, and the money grows tax-deferred until retirement. Roth IRA contributions are not tax-deductible, but you can withdraw the money tax-free in retirement.

Retirement Today and Tomorrow Why the Rule Needs a Revamp For Greater Savings

Retirement Today and Tomorrow: Why the 4% Rule Needs a Revamp

This rule suggests that retirees can withdraw 4% of their retirement savings every year for the duration of their retirement. However, as economic landscapes and life expectancies evolve, the original 4% rule is increasingly being considered outdated and in need of a revamp.

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