Home > Term: Individual retirement account (IRA)
Individual retirement account (IRA)
This is an account you can use to save for retirement. You can put in a certain amount of money each year. This amount can be deducted from the taxable income you report. Contributions and interest are not taxed until money is taken out.
- Part of Speech: noun
- Industry/Domain: Health care
- Category: General
- Company: Aetna
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- Harry8L
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(London, United Kingdom)