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Things you should know about 401k IRA

Things you should know about 401k IRA

One of the most prevalent retirement plans available is the 401(k) plan sponsored by the employer, which allows an employee to segregate his paycheck so that a part goes into his retirement plan. As the funds that are deducted from your paycheck for this purpose are taken before tax calculations, you would be paying the tax for income post this subtraction.
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