Definition of Individual retirement account (IRA)

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TeachMeFinance.com - explain Individual retirement account (IRA)



Individual retirement account (IRA)

The term 'Individual retirement account (IRA)' as it applies to the area of basic math can be defined as 'an account that allows the holder to delay paying income tax and reduces the amount of taxes owed on the funds deposited'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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