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What do 401(k) plans and IRAs have in common?

User Liupeixin
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2 Answers

7 votes

Answer:

top person is correct

Step-by-step explanation:

User OrElse
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1. They both grow tax deferred

2. Most contributions are pre-tax

3. You must leave the money in until age 59.5 or you will pay a penalty for taking it out under age

User Sam Oliver
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