Tag Archives: IRA Withdrawals
Understanding the IRA Rules
A lot has been written about IRA rules already, however, this article attempts to simplify the complexity of the program.
IRA stands for Individual Retirement Account, a personal savings account used to help ensure sufficient finances for every contributing person when he retires. When I say “contributing person”, it means he or she who is setting aside funds out from his taxable earnings during the year whether it be from his/her wage, salary, a bonus, or accumulated service tips.
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