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    Retirement Plan Account     Types
    Retirement Plan     Contributions
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Retirement Plan Contributions
In general, annual contributions into these retirement accounts are tax deductible and interest earned grows without being taxed until the money is withdrawn by the individual at age 59 1/2 or older. However, with a Roth IRA, the contributions are not tax deductible but the interest grows tax free and can be withdrawn tax free after the individual is age 59 1/2 or older.