Saving at the Pump, and 401(k) Limits
NerdWallet's Smart Money Podcast
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What Options Do You Have to Save for Retirement?
A discrimination test is meant to insure that tax advantage plans don't just benefit a handful of highly paid executives. Each plan also limits the amount an contribute each year based on income. A taxable brokers account is basically, it's a broker's account. Once you open it, you make your choice of investments. But this is all after tax money, so it doesn't reduce your tax bill the year that you contribute to it.
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