tax-deferred retirement plan
Definition
Variationtax-deferred savings plan
noun
U.S.
a savings plan into which a person can regularly put a certain proportion of income, with tax only being payable on retirement
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Contributions to Retirement through Employer PlansContribute as much as you can to any tax-deferred retirement plan offered by your employer. A 401(k) plan, for instance, lets you contribute pre-tax dollars and exclude any investment earnings from yo ... Read more
