Standard #: SS.912.FL.4.9


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Describe government policies that create incentives and disincentives for people to save.


Clarifications


Clarification 1: Instruction includes understanding how traditional IRAs (individual retirement accounts), Roth IRAs, and educational savings accounts provide incentives for people to save.

Clarification 2: Instruction includes understanding the difference when taxes are paid with a traditional IRA versus a Roth IRA.

Clarification 3: Instruction includes understanding how taxes on interest reduce the incentive for people to save.



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