Tax Advantageous Savings Vehicles for New Lawyers

    Eric Biscopink
    Knowing the tax effects of the various retirement savings accounts can have a significant impact on your financial decisions.

    Knowing the tax effects of the various retirement savings accounts can have a significant impact on your financial decisions.

    Shutterstock

    The Internal Revenue Service (IRS) offers taxpayers a variety of tax advantageous savings vehicles to incentivize saving for retirement. The following list is an overview of some of these savings vehicles and their tax effects.

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