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2. Individual retirement account - Wikipedia

   en.wikipedia.org/wiki/Individual_retirement_account

   An individual retirement account [1] (IRA) in the United States is a form of pension [2] provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age.

3. Custodial Roth IRAs: Everything Parents Need To Know - AOL

   www.aol.com/custodial-roth-iras-know-181258629.html

   Like a custodial Roth IRA, a custodial IRA is owned by a minor but opened and managed by an adult until the child is legally able to take over responsibility for the account. The primary ...

4. Custodial account - Wikipedia

   en.wikipedia.org/wiki/Custodial_Account

   The treatment of a brokerage account based IRA as a trust for tax purposes is largely a legal fiction. If Article 8 is set aside and the brokerage account is considered purely under principles of common law , there is a possibility of construing the collection of brokerage accounts in the intermediated custodial holding chain as a collection of ...

5. Roth IRA - Wikipedia

   en.wikipedia.org/wiki/Roth_IRA

   A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference between Roth IRAs and most other tax-advantaged retirement plans is that rather than granting a tax reduction for contributions to the retirement plan, qualified withdrawals from the Roth IRA plan are tax-free ...

6. IRA taxes: Key rules to know and how much you can ... - AOL

   www.aol.com/finance/ira-taxes-key-rules-know...

   In contrast, contributions to a Roth IRA account are made with after-tax income. Like a traditional IRA, the Roth allows you to defer tax on any dividends and capital gains in the account ...

7. Have an IRA Account? You May Qualify to Transfer Up to ... - AOL

   www.aol.com/ira-account-may-qualify-transfer...

   Most people calculate their RMDs by taking their IRA balance (as of Dec. 31 of the previous year) and dividing it by the IRS' stipulated "life expectancy factor." This number is 26.5 for 73-year-olds.

8. Traditional IRA - Wikipedia

   en.wikipedia.org/wiki/Traditional_IRA

   An author described the traditional IRA in 1982 as "the biggest tax break in history". [2] The IRA is held at a custodian institution such as a bank or brokerage, and may be invested in anything that the custodian allows (for instance, a bank may allow certificates of deposit, and a brokerage may allow stocks and mutual funds).

9. Roth IRA conversion: Here’s everything you need to know ...

   www.aol.com/finance/roth-ira-conversion...

   A Roth IRA is a tax-advantaged retirement account. With a Roth IRA, you deposit after-tax money, can invest in a range of assets and withdraw the money tax-free after age 59 1/2.