- n. a plan for setting aside money to be spent after retirement
“Former Clinton economic adviser Gene Sperling has suggested the creation of a universal 401 (k), in which the government would match contributions made into a new retirement account by low-and moderate-income families.”
“If you invest $2,000 in átax-deferred retirement account each year between the ages of 20 and 25, and never invest another dime, you wil have more money when you reach age 65 than if you wait until you are 25 and invest $2,000 every year for the next 40 years in the same account at the same rate of return.”
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