You Can Save Faster with Tax-deductible Qualified Plans in 3 Ways
So, by using the tax-deductible plan for saving $1
,000, you've converted what would have been $720 in your pocket to $900 in your pocket just one year later! Whether you wait a year or 5 years until you make a withdrawal, you'll still get the 'tax profit' benefit - aside from your investment growth.
You Can Save Faster with Tax-deductible Qualified Plans in 3 Ways