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individual retirement account |
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individual retirement account (IRA), n a savings certificate exempt from income tax until the time of withdrawal. There are limits to the amount that can be saved annually under this plan, and there are conditions of withdrawal for maximal interest and tax advantage. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| 63% Source: Prudential Retirement Retirement Assets By Plan Type As of year-end, 2005 Type of Plan Assets Individual Retirement Accounts $3. Funded non-ERISA (Employee Retirement Income Security Act) pension plans that are tax-exempt under the Internal Revenue Code such as public-sector retirement programs, Section 457 plans, [section]403(b) arrangements--as well as individual retirement accounts (IRAs)--are now protected from creditors in bankruptcy. That money comes from individual retirement accounts . |
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