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A proposed new type of tax-advantaged account might even top the mighty Roth IRA.
A proposed new type of savings account would allow Americans to put away up around $10,000 each year and enjoy tax benefits similar to those of a Roth IRA. Taxpayers would be allowed to contribute post-tax earnings to a universal savings account (USA) under legislation introduced last summer by several Republican representatives. That means taxpayers would not owe federal income taxes on money…
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