Savings with tax breaks: Introduction
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Studies have shown that Americans aren’t saving enough for retirement. These vehicles have a tax benefit to encourage people to save.
You’ll have more money to save if you can put it away without taxes. That’s what the government thinks, so they’ve created IRAs, 401(k)s, education savings plans — such as the 529 Plan and the Coverdell savings account — to help you make the most of your savings.
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