Its time to solve "Nest egg choices" crossword clue for today's "Eugene Sheffer – King Feature Syndicate" daily crossword.
Understanding Today's Crossword Puzzle
Nest egg choices - the answer is "IRAS".
Today's clue asks for "nest egg choices", and the answer is "IRAS". Let's dive into the details of why this clue has this answer:
- Tax-advantaged retirement accounts: When we hear the term "nest egg", it is commonly associated with savings or investments set aside for retirement. In the context of personal finance, "nest egg" refers to the funds people keep for their retirement years.
- IRAS: Individual Retirement Accounts, abbreviated as IRAs, are a popular type of retirement account. They offer tax advantages to individuals who contribute to them, making them one of the preferred "nest egg choices." In an IRA, individuals can invest their savings in various assets such as stocks, bonds, and mutual funds.
IRAs come with different options, each with its own advantages and eligibility criteria. Common types of IRAs include Traditional IRAs, Roth IRAs, SEP IRAs (for self-employed individuals), and SIMPLE IRAs (for small business owners).
Choosing an IRA as a "nest egg" option is wise because it allows individuals to save for retirement while taking advantage of tax benefits. Contributions made to traditional IRAs may be tax-deductible, and earnings within the account grow tax-deferred until withdrawals are made in retirement. Roth IRAs, on the other hand, allow tax-free withdrawals in retirement, as contributions are made with after-tax income.
In conclusion, the clue "nest egg choices" accurately leads us to the answer "IRAS" because IRAs are a commonly chosen retirement account that helps individuals build a financial nest egg for their post-work years.
Definition of "IRAS"
a satellite launched in 1983 to map the distribution of infrared radiation in the sky.
The Crossword clue "Nest egg choices" published 37 time/s & has 1 answer/s.
Crossword | Date | Answer |
Eugene Sheffer – King Feature Syndicate | 29 February 2024 | IRAS |
L.A. Times Daily | 16 November 2018 | IRAS |
Wall Street Journal | 6 July 2015 | IRAS |