What Is A Pre Tax Retirement Plan?

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    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Pre tax retirement plans that make contributions to retirement accounts before taxes are assessed on wages. The pre tax contributions lower the wage earners tax with holding and lowers the net pay, but the accounts accumulate tax deferred. That deferral can have a significant impact on  money over time.
    Answered on July 31, 2013
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