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  2. What Is an Individual Retirement Account (IRA)? - AOL

    www.aol.com/individual-retirement-account-ira...

    In simple terms, an IRA is a tax-advantaged retirement savings account. Several types of IRAs are available, each with its own rules. Contributions to some IRAs are tax deductible, and certain ...

  3. Individual retirement account - Wikipedia

    en.wikipedia.org/wiki/Individual_retirement_account

    Individual retirement account. An individual retirement account [1] ( IRA) in the United States is a form of pension [2] 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.

  4. Individual Retirement Arrangements (IRA): Definition, Types ...

    www.aol.com/individual-retirement-arrangements...

    IRAs are tax-advantaged retirement savings accounts. There are several types of accounts, each with its own eligibility rules and contribution limits. Some contributions are tax deductible. Some ...

  5. How Do I Know Which Type of IRA Is Right For Me? - AOL

    www.aol.com/type-ira-140048725.html

    An individual retirement account (IRA) gives you a tax-advantaged way to save for retirement. Several different types of IRAs accounts exist. Most let savers deduct contributions from their ...

  6. Traditional IRA - Wikipedia

    en.wikipedia.org/wiki/Traditional_IRA

    With both types of IRA, transactions inside the account (including capital gains, dividends, and interest) incur no tax liability. According to IRS pension/retirement department as of July 13, 2009, traditional IRAs (originally called Regular IRAs) were created in 1975 and made available for tax reporting that year as well.

  7. Comparison of 401(k) and IRA accounts - Wikipedia

    en.wikipedia.org/wiki/Comparison_of_401(k)_and...

    When rolled to a Roth IRA, taxes need to be paid during the year of the conversion. Cannot be converted to a traditional 401(k), but upon termination of employment (or in some plans, even while in service), can be rolled into Roth IRA. Can be converted to a Roth IRA, typically for backdoor Roth IRA contributions. Taxes need to be paid during ...

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