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Today, 21:12

What is the purpose of tax-deferred retirement accounts?

°Δ°to encourage consumers to invest money before it is taxed

°Δ°to level high taxes on a consumer at retirement age

°Δ°to collect taxes during retirement at higher rates

°Δ°to trick consumers into investments that will incur fines and penalties

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  1. Today, 21:37
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    Tax-deferred plans delay taxable income that was received during the use of the account either until withdrawal or till a specified time.
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