Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is an IRA?

brokers Investment IRA IRAs
0
Posted

What is an IRA?

0

IRA stands for Individual Retirement Account. An IRA is one type of specific retirement account, allowed by the IRS, to provide either tax-advantage or tax deferral benefits.

0

IRA stands for Individual Retirement Account. Depending on your needs, Guaranty Bank offers traditional IRAs, Roth IRAs, and Coverdell Education Savings Accounts (formerly known as education IRAs) to its customers.

0

An IRA is an Individual Retirement Account – a tax-deferred retirement investment account you establish for yourself, whether you’re employed by a company, or self-employed.

0

IRA stands for Individual Retirement Account, a savings account with tax advantages for people setting aside money for retirement.

0

An IRA is a tax-deferred retirement account which allows an individual to set aside a certain amount per year with earnings tax-deferred until withdrawals begin at age 59 ½ or later. Only those who do not participate in a pension plan at work or who do participate and meet certain income guidelines can make deductible contributions to an IRA. All others can make contributions to an IRA on a non-deductible basis. This non-deductible type of contribution does not qualify as a deduction against income earned that year, but interest accumulates tax-deferred until the funds are withdrawn.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.