Individual Retirement Account / IRA

by lakemen » Sat Jul 08, 2006 06:27 am
Posts: 1260
Joined: 18 May 2005

Individual Retirement Account / IRA

A tax-deductible savings plan for those who are self-employed, or those whose earnings are below a certain level or whose employers do not offer retirement plans. Others may make limited contributions on a tax-deferred basis. The Roth IRA, a special kind of retirement account created in 1997, may offer greater tax benefits to certain individuals.

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