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Individual Retirement Account (IRA) Definition
https://www.investopedia.com/terms/i/ira.asp
An individual retirement account (IRA) is a savings plan with tax advantages that individuals can open to invest in for retirement.
What is an IRA? | why you should invest | Fidelity
https://www.fidelity.com/building-savings/learn-about-iras/what-is-an-ira
An individual retirement account (IRA) allows you to save money for retirement in a tax-advantaged way. An IRA is an account set up at a financial institution that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis.
FAQ What is an ira?
What is an IRA?
What is an IRA? An individual retirement account (IRA) is a tax-advantaged investment account individuals use for retirement savings. Contributions to some IRAs may be tax-deductible or withdrawals may be tax-free. There are several types of IRAs, such as traditional, Roth, SEP or SIMPLE.
What is an'Individual Retirement Account (IRA)?
What is an 'Individual Retirement Account - IRA'. There are several types of IRAs as of 2018: traditional IRAs, Roth IRAs, SIMPLE IRAs and SEP IRAs. Sometimes referred to as individual retirement arrangements, IRAs can consist of a range of financial products such as stocks, bonds or mutual funds.
What are the different types of IRAS?
IRAs are tax-advantaged accounts that individuals use to save and invest for retirement. Types of IRAs include traditional IRAs, Roth IRAs, SEP IRAs, and SIMPLE IRAs. If you withdraw money from an IRA before age 59½, you are usually subject to an early withdrawal penalty of 10%.
What is a SIMPLE IRA and how does it work?
The SIMPLE IRA is also intended for small businesses and self-employed individuals. The acronym SIMPLE stands for "savings incentive match plan for employees." This type of IRA follows the same tax rules for withdrawals as a traditional IRA. 15
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