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  2. Individual retirement account - Wikipedia

    en.wikipedia.org/wiki/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.

  3. 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 ...

  4. What Are the Retirement Account Contribution Limits for 2023?

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

    According to the agency’s news release, the maximum contribution that an employee can make to a 401 (k), 403 (b), most 457 plans, and the federal government’s Thrift Savings Plan (TSP) is ...

  5. What Is A Roth IRA and How Does It Work? - AOL

    www.aol.com/finance/roth-ira-does-201421927.html

    A Roth IRA is a qualified individual retirement account that lets you grow investments tax-free. Unlike other retirement accounts, your Roth IRA contributions aren’t tax deductible but you won ...

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

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

    Is an individual retirement account the same as a 401(k)? An IRA is an individual retirement account. A 401(k) , on the other hand, is a corporate retirement plan sponsored by a business.

  7. Traditional IRA - Wikipedia

    en.wikipedia.org/wiki/Traditional_IRA

    Traditional IRA. A traditional IRA is an individual retirement arrangement (IRA), established in the United States by the Employee Retirement Income Security Act of 1974 (ERISA) ( Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18 ). Normal IRAs also existed before ERISA.

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