
For many years, Congress has recognized that saving for retirement is a worthwhile social goal and should be encouraged by the government. The federal government has encouraged the growth of private pension and savings plans through the use of various tax incentives. This publication will focus mainly on individual retirement accounts (IRAs), but other plans such as simplified employee pensions (SEPs), 401-K plans, and Keogh plans will be discussed, too.
Individual Retirement Accounts And Other Retirement Savings Plans
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Keywords: Finance, Money Management, Investments
This document is FCS5258, one of a series of the Department of Family, Youth and Community Sciences, University of Florida, UF/IFAS, Gainesville 32611. First published: September 2003. Reviewed by Mary Harrison, professor, Department of Family, Youth and Community Sciences; Brenda Williams, Ed.D., Family and Consumer Sciences agent, Alachua County; and Barbara Mobley, Extension specialist, Family Programs, Alabama Cooperative Extension System, Auburn University, Auburn. Please visit the EDIS Web site at http://edis.ifas.ufl.edu
Josephine Turner, Ph.D., CFP, professor, Family and Consumer Economics, Department of Family, Youth and Community Sciences, University of Florida, UF/IFAS, Gainesville 32611.
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contact your county Cooperative Extension service.
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University of Florida, IFAS, Florida A. & M. University Cooperative
Extension Program, and Boards of County Commissioners Cooperating. Millie Ferrer-Chancy,
Interim Dean.