Except for the limit on IRA contributions,retirement annuities receive the same tax treatment as non-deductible IRA contributions.

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Retirement annuities, such as 401(k)s and 403(b)s, receive similar tax treatment as traditional, non-deductible IRA contributions. Both types of accounts allow for tax-deferred growth, meaning taxes are not paid on investment earnings until withdrawals are made in retirement. However, there are some differences in contribution limits and other rules between these types of retirement accounts.

Except for the Limit on IRA Contributions,retirement Annuities Receive the Same