Retirement Benefits
The tax law encourages employers to
contribute to the Retirement plans of their employees. The
employers are able to claim a current tax deduction for their
contributions into these retirement funds. The employee
benefits by having the money added to the retirement account
tax deferred. Therefore, any interest, dividends and
appreciation added to the value of the account is not taxed
until you start withdrawing the money at retirement.
Types of retirement benefits
There are several common types of retirement
plans such as:
Retirement benefits resources:
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