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IRA (individual Retirement Account) |
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IRA (individual Retirement Account)Savings programs available to individuals. The plans allow for a certain amount to be deposited each year. This money is not subject to income tax for that year or following years as long as it is not withdrawn. The money is taxed as withdrawn upon retirement, usually when the depositor is in a lower tax bracket. During the life of the account, the money may be put into various interest bearing investments. Securities dealers as well as banking institutions now offer IRA'S.IRA (individual Retirement Account) Similar MatchesUnfunded unapproved retirement benefits schemeUnfunded unapproved retirement benefits schemeAn unfunded occupational pension scheme that is not designed to be approved by the Pension Schemes Office. Employee Retirement Income Security Act (ERISA)Employee Retirement Income Security Act (ERISA)The law that regulates the operation of private pensions and benefit plans. Retirement Protection Act of 1994Retirement Protection Act of 1994Legislation designed to protect the pension benefits of workers and retirees by increasing required support of pension plans by employers. Registered Retirement Savings Plan (RRSP)Registered Retirement Savings Plan (RRSP)Tax-sheltered retirement plan for Canadian citizens, much like an American IRA. Normal retirement dateNormal retirement dateSee 'basic state pension'. Further SuggestionsTax deferred retirement plansDebt retirement phased retirement Individual Retirement Account (IRA) early retirement individual retirement account retirement relief retirement annuity contract (RAC) Normal retirement Retirement normal retirement age Bonds Enabling Annual Retirement Savings (BEARS) Employee Retirement Income Security Act |
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