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IRA

Last Updated: November 15, 2006 Related resource areas: Personal Finance


An acronym for Individual Retirement Account, IRAs are tax-deferred accounts established by workers with earned income to save for retirement. There are two types of IRAs: Traditional IRAs, which may or may not be tax-deductible, and Roth IRAs, described below.


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Financial Security: Estate Planning, Financial Security: Financial Planning Process, Financial Security: Retirement Planning, Financial Security: Saving and Investing, glossary

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