Qualified retirement plans provide employees with tax benefits.

Name: Qualified retirement plans provide employees with tax benefits.
Brand: Quizplus
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Qualified retirement plans, such as 401(k) plans and traditional IRAs, offer tax benefits to employees by allowing them to contribute pre-tax dollars to the plan, thus reducing their taxable income. Additionally, earnings on the investment grow tax-deferred until withdrawn, typically during retirement when the employee may be in a lower tax bracket.

Qualified Retirement Plans Provide Employees with Tax Benefits