Series 99: 1.2.2.10.3 Individual Retirement Accounts (IRAs)

Taken from our Series 99 Top-off Online Guide

1.2.2.10.3 Individual Retirement Accounts (IRAs)

Individual retirement accounts are retirement plans that were introduced in the U.S. to allow individuals to contribute to a retirement account with pre-tax dollars. In other words, individuals can deduct a certain amount of money from their taxable income if they put it into an IRA. Taxes on the contributions and earnings in the account are deferred until the time o

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