Planning Briefs
Retirement Planning Basics, And Tips For 2023
Published Wednesday, March 29, 2023 at: 11:06 AM EDT
Investments in Individual Retirement Accounts (IRAs) and other retirement accounts qualified under Federal law for tax advantages are the main source of funding retirement in America. The retirement financial system that the United States has built over many decades is a partnership between the U.S. government and private sector and it is unique to our free-enterprise capitalist system. Far from perfect, it’s complex but offers opportunities to build wealth and support a standard of living that is the envy of most of the rest of the world.
Retirement Accounts. Tax advantages on IRAs and employer-sponsored retirement plans are designed to be the key to retirement success and also play a role in what your spouse, children and other loved ones inherit when you die.
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