Invest for retirement with pre-tax dollars. Defer taxes today - pay taxes in the future when you receive the money. This investment is in addition to the 8% you contribute to the State Universities Retirement System.
Save for a child's college education. Pay no taxes on the growth of your investment. Pay no state taxes on the amount you invest. The only taxes you pay are federal taxes on the amount you invest!
Avoid taxes (legally) by using pre-tax money to pay for qualifying medical care or dependent care.
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