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A TFSA is similar to a Roth individual retirement account in the United States, although a TFSA has no withdrawal restrictions, such as the unqualified withdrawal penalty of the Roth IRA. [33] In the UK, similar tax advantages have been available in personal equity plans and individual savings accounts since 1986. [34]
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services.
Tax-free savings account (TFSA) (Canada) Livret A (France) Pensions: Superannuation in Australia; Individual retirement account (IRA); the Roth IRA type is similar except for having extra restrictions (United States) 401(k); the Roth 401(k) type is similar (United States)
See our editor's picks for best savings, checking and hybrid accounts for active agers, seniors and retirees, updated for December 2024.
Jacoway, the United States Supreme Court ruled unanimously on April 4, 2005, that under section 522(d)(10)(E) of the United States Bankruptcy Code (11 U.S.C. § 522(d)(10)(E)), a debtor in bankruptcy can exempt his or her IRA, up to the amount necessary for retirement, from the bankruptcy estate. [20]
Transferring some of your retirement savings from a tax-deferred account like a 401(k) to a Roth IRA can help you reduce or possibly avoid required minimum distributions (RMDs) and income taxes ...
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This page was last edited on 16 November 2019, at 01:37 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.