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Financial Planner

Category - Retirement Savings and Income Planning

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Which of the following types of plans allow most individuals to contribute after-tax amounts into government savings bonds and then withdraw those funds without paying tax when they retire?

Social Security
401k
Roth IRA
myRA

Explanation

Answer: D - myRAs were established in 2014. This plan allows most individuals to contribute after-tax amounts into government savings bonds. When the individual retires, he or she can withdraw the funds tax-free.

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