Asked by andres
What is one type of retirement account available in the United States, and what is an important step in beginning a savings program?
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One type: a Roth IRA — you contribute with after‑tax dollars and qualified withdrawals in retirement are tax‑free.
An important step to begin a savings program: set a clear goal and automate contributions (decide how much you can save, open the account, then set up regular automatic transfers so saving happens consistently).
An important step to begin a savings program: set a clear goal and automate contributions (decide how much you can save, open the account, then set up regular automatic transfers so saving happens consistently).
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