Financial Dictionary
Atlantic Financial
Atlantic Financial
Investment
Word
An Individual Retirement Account (IRA) is individual account set up with a
financial institution, such as a bank or a mutual fund company. Under Federal
law, individuals may set aside personal savings up to a certain amount, and the
investments grow, tax deferred. In addition, defined contribution plan
participants can transfer money from an employer retirement plan to an IRA when
leaving an employer.
Need more information on an
IRA Rollover or
Keogh Plan?
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Individual Retirement Account
(IRA)
