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There are tax implications to both the Roth and Traditional IRAs. Contributions are tax-deductible when contributions are made with Traditional IRAs whereas Roth IRAs are not taxed during retirement.
Understanding Business, 10th Edition
by Nickels, William G.; McHugh, James M.; McHugh, Susan M.
Published by
McGraw-Hill Education
ISBN 10:
007352459X
ISBN 13:
978-0-07352-459-7
Bonus Chapter D - Managing Personal Finances - Developing Workplace Skills - Page D-19: 5
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