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  • Casual Articles - IDAs - How To Get $4,000 For Every $1,000 You Put Into Your Savings Account!

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    savings account. In very rare cases $10,000 for every $1,000.

    It's called an Individual Developme

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    A new type of savings account was created with the introduction of the 1996 welfare reform legislation. This new matched savings account allows low-income families an opportunity to rapidly build a savings by matching contributions to a savings account 1:1 up to, in some instances, 4:1 or even 10:1. This means that it is possible for certain individuals to receive $4,000 for every $1,000 that they commit to a savings account. In very rare cases $10,000 for every $1,000.

    It's called an Individual Developmen

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    This new matched savings account allows low-income families an opportunity to rapidly build a savings by matching contributions to a savings account 1:1 up to, in some instances, 4:1 or even 10:1. This means that it is possible for certain individuals to receive $4,000 for every $1,000 that they commit to a savings account. In very rare cases $10,000 for every $1,000.

    It's called an Individual Developme

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    by matching contributions to a savings account 1:1 up to, in some instances, 4:1 or even 10:1. This means that it is possible for certain individuals to receive $4,000 for every $1,000 that they commit to a savings account. In very rare cases $10,000 for every $1,000.

    It's called an Individual Developme

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    s that it is possible for certain individuals to receive $4,000 for every $1,000 that they commit to a savings account. In very rare cases $10,000 for every $1,000.

    It's called an Individual Developme

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    savings account. In very rare cases $10,000 for every $1,000.

    It's called an Individual Development Account, or “IDA”, and they are an excellent short term savings idea that can help you do pretty much anything from buying a new car to saving up for a down payment on a new home.

    So, what's the bad news? For starters, these are federal and state sponsored programs, with some assistance by private foundations. As such, IDAs are not available everywhere in the United States. There also may be some "memb

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