triple tax advantage
When a single account gives you three separate tax benefits at once, meaning you save on taxes when money goes in, while it grows, and when you spend it.
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- tax advantaged
A way of describing an account that gets special treatment from the IRS to reduce the taxes you owe. The government designed these accounts to encourage people to save for things like retirement or medical costs.
- tax advantaged account
Any savings or investment account where the government gives you a special tax break, like not taxing your earnings or letting you put money in before taxes are taken out.
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