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Bermuda Plan

Description:

The Bermuda Plan is a term referring to a popular and widely used savings and investment strategy that allows individuals to defer taxes on their income until retirement. This plan is typically associated with residents of Bermuda due to its favorable tax laws.

Senses:

Noun

1. (Finance) A tax-deferred savings and investment strategy.

Sample Sentences:

Sense: Noun (Finance)

1. The Bermuda Plan provides individuals with a means to save and invest money while delaying tax payments.
2. Investing in a Bermuda Plan can help individuals maximize their savings for retirement.
3. Many financial advisors recommend considering the Bermuda Plan for long-term financial goals.

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