Individual retirement account
Form of individual retirement plan
Individual retirement account ▸ Facts ▸ Comments ▸ News ▸ Videos
An individual retirement account (IRA) in the United States is a form of pension provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age. An individual retirement account is a type of individual retirement arrangement as described in IRS Publication 590, Individual Retirement Arrangements (IRAs). Other arrangements include employer-established benefit trusts and individual retirement annuities, by which a taxpayer purchases an annuity contract or an endowment contract from a life insurance company.
0 shares | ShareTweetSavePostSend |
You Might Like
Codename 'Stakeknife': Report on top British spy inside IRA to be publishedThe interim findings of a seven-year investigation into murders linked to the British Army's most prized mole in the IRA will be published later.Sky News - Published | |
Excavators begin new search for IRA victim last seen 47 years agoExcavators are returning to a site in Ireland to begin a fresh search for a teenager murdered and secretly buried by the IRA.Sky News - Published | |
Man arrested in connection with New IRA after explosive found near young mum's carA man has been arrested in connection with activities of the New IRA after an explosive device was found near a young mum's car.Sky News - Published | |
Search this site and the web: |