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Thousands of mutual funds have been created in response to the introduction of sections in the U.S. tax code that allow tax-deferred individual retirement accounts

Thousands of mutual funds have been created in response to the introduction of sections in the U.S. tax code that allow tax-deferred individual retirement accounts (IRAs) and 401(k)-type tax-deferred investment accounts. Explain how an individual could regularly contribute to a tax-deferred retirement account like those mentioned and the benefits of doing so.

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