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Investment Unit

Retirement - Dollar Cost Average

TermDefinition
401(k) Plan A retirement savings plan, sponsored through your employer who will often match your contributions, that allows an individual to save for retirement and have the savings grow while deferring taxes until funds are withdrawn
Individual Retirement Account (IRA) An investing tool for individuals to earmark funds specifically for their retirement
Dollar Cost Averaging The practice of putting a fixed amount into an investment over a period of time, regardless of the price of that investment
Created by: yelena585
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