This is because the Internal Revenue Service (IRS) encourages saving for retirement by offering individuals attractive tax advantages associated with certain investment accounts, including employer-sponsored 401(k) plans and individual retirement accounts (IRAs).
Taxation is always a hot topic, and it is especially prominent when it comes to retirement. This is because the Internal Revenue Service (IRS) encourages saving for retirement by offering individuals attractive tax advantages associated with certain investment accounts, including employer-sponsored 401(k) plans and individual retirement accounts (IRAs).