Retirement
An Individual Retirement Account is a tax deferred savings account. This account may be tax deferred depending on income level or all earnings and principle can be 100% tax free (if rules and regulations are followed). Weekly, monthly, or annual deposits are accepted up to the maximum allowed per year. IRA accounts can also receive lump sum contributions such as transfers and rollovers from other financial institutions or corporate employee plans. Dividends paid to the IRA accounts are compounded and paid monthly.
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