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

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

   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. Retirement plans in the United States - Wikipedia

   en.wikipedia.org/wiki/Retirement_plans_in_the...

   The linguistic move was to avoid mentioning actual individual accounts but using the words hypothetical account or notional account. 1991: A Magazine article claims that pension- and retirement funds own 40% of American common stock and represent $2.5 trillion in assets. Growth and Decline of Defined Benefit Pension Plans in the United States.

5. SIMPLE IRA - Wikipedia

   en.wikipedia.org/wiki/SIMPLE_IRA

   A Savings Incentive Match Plan for Employees Individual Retirement Account, commonly known by the abbreviation " SIMPLE IRA ", is a type of tax-deferred employer -provided retirement plan in the United States that allows employees to set aside money and invest it to grow for retirement. Specifically, it is a type of Individual Retirement ...

6. Retirement account balances lost almost 25 percent last year ...

   www.aol.com/retirement-account-balances-lost...

   Average retirement account balances dropped nearly 25 percent last year, according to a new report by Fidelity. Although retirement balances increased in the fourth quarter of 2022, the average ...

7. Roth IRA - Wikipedia

   en.wikipedia.org/wiki/Roth_IRA

   A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference between Roth IRAs and most other tax-advantaged retirement plans is that rather than granting a tax reduction for contributions to the retirement plan, qualified withdrawals from the Roth IRA plan are tax-free ...