Today is 8 February 2024 and we have the correct solution for the crossword clue "Tax-deferred savings plan: Abbr." listed below:
Understanding Today's Crossword Puzzle
The clue for today's crossword puzzle is "Tax-deferred savings plan: Abbr." The answer for this clue is "IRA."
1. Tax-deferred savings plan: The clue mentions a type of savings plan that allows individuals to save money for retirement while deferring payment of taxes on the earnings until withdrawal. This suggests that we are looking for a specific financial instrument that offers tax advantages for retirement savings.
2. Abbr.: The clue also indicates that we are looking for an abbreviation. This means that the answer will be a shortened form of the actual term.
Putting these two pieces together, we can deduce that the answer for this clue is "IRA." IRA stands for Individual Retirement Account, which is a tax-advantaged savings plan in the United States. It allows individuals to contribute a portion of their income to the account on a yearly basis, with taxes being deferred on any earnings until withdrawal during retirement.
The term "IRA" is a commonly used abbreviation in the financial world and is widely recognized as the acronym for Individual Retirement Account. It fits perfectly with the clue's description of a tax-deferred savings plan. By using "IRA" as the answer, crossword enthusiasts will be able to solve this clue accurately and progress further in the puzzle.
In conclusion, the clue "Tax-deferred savings plan: Abbr." has the answer "IRA" because it indicates a financial instrument that offers tax advantages for retirement savings, using the abbreviation commonly associated with Individual Retirement Account.
Definition of "IRA"
(in the US) Individual Retirement Account.
The Crossword clue "Tax-deferred savings plan: Abbr." published 9 time/s & has 1 answer/s.
Crossword | Date | Answer |
Daily Themed | 8 February 2024 | IRA |
Crosswords With Friends | 27 October 2022 | IRA |
Daily Celebrity | 20 June 2019 | IRA |