Individual Retirement Account in United States

Plain-English Law

Individual Retirement Account as defined by Nolo’s Encyclopedia of Everyday Law (p. 437-455):

IRA) A savings or brokerage account to which a person may contribute up to a specified amount of earned income each year. There are several types of IRAs. The most common are traditional contributory IRAs and Roth IRAs. With a traditional contributory IRA, contributions and interest earned are not taxed until the participant withdraws funds at retirement. With Roth IRAs, contributions are taxed, but most distributions (investment returns and withdrawals at retirement) are not.

Other Popular Tax Concepts

• Federal Income Tax Law (sometimes, including Individual Retirement Account)
• Tax Code (sometimes, including Individual Retirement Account)
• Income Tax (sometimes, including Individual Retirement Account)
• Tax Law Careers (sometimes, including Individual Retirement Account)
• Tax Law Jobs (sometimes, including Individual Retirement Account)
• Income Tax Law (sometimes, including Individual Retirement Account)
• Taxation (sometimes, including Individual Retirement Account)
• Taxation without representation (sometimes, including Individual Retirement Account)
• Types of Taxation (sometimes, including Individual Retirement Account)

Individual Retirement Account in the context of Real Estate

Resurces

See Also

• IRA