Concept information
Preferred term
individual retirement accounts
Definition
- An Individual Retirement Account (IRA) is a personal savings account which allows taxpayers in the United States to set aside money for retirement, while offering tax advantages. The umbrella term for the concept is legally Individual Retirement Arrangement. [Source: Encyclopedia of Business Ethics and Society; Individual Retirement Accounts (IRAs)]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/individual_retirement_accounts
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