The Role of Tax-Deferred Accounts in Retirement

The informative article by Anthony Pellegrino "Critical Role of Tax-Deferred Accounts in Retirement Planning" focuses on how the amount of contributions made into tax-deferred accounts can contribute tremendously to the savings. Contributions in tax-deferred accounts are not taxed until the amount of funds is withdrawn from those accounts. As he continues discussing the various tax-deferred accounts, the focus here is on how timely contributions to such accounts along with regular investments can enhance the prospects of their growth. Pellegrino explains the most common myths associated with tax-deferred accounts, including withdrawal rules and penalties.

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