Individual Retirement Account. A tax-deferred savings vehicle with a financial institution in which contributions may be invested in stocks, bonds, money market funds, annuities, etc. Contributions are limited by IRS regulation.

Stands for Individual Retirement Account, IRAs are tax-deferred accounts established by workers with earned income to save for retirement. There are two types of IRAs: Traditional IRAs, which may or may not have a tax write off for the amount contributed (depending upon your income and eligibility for another type of retirement plan), and Roth IRAs. See IRA (Roth).

A type of IRA in which contributions are not tax-deductible but earnings on savings are tax-exempt if made more than five years after the Roth IRA was established and after age 59 1/2.

(Individual Retirement Account) - one of several types of tax-deferred saving accounts.

Individual retirement arrangement. These are personal, tax-sheltered retirement accounts that you can invest in if you meet certain requirements. Contributions are tax-deductible for some, depending on circumstances. Earnings in these plans can grow tax-deferred or, in the case of the Roth IRA, tax-free.

INDIVIDUAL RETIREMENT ACCOUNT. A type of retirement plan established in 1974 by Congress to encourage people to save towards their retirement. The plan allows for an individual to contribute 100% of earned income or $2,000, whichever is less. For a spousal account (non-income producing spouse), 100% of earned income or $2,250 (divided between two accounts with the a maximum of $2,000 to any one of the account) whichever is less depending on income level and pension fund eligibility. The IRA contribution may be tax deductible. Also see The Power Of An Early Start In Investing.

A personal, qualified retirement account in which an individual may accumulate contributions up to a certain sum each year for retirement income. Such accounts may also be established by purchasing individual retirement annuities from an insurance company or by purchasing individual retirement bonds issued by the federal government. Contributions may or may not be deductible, depending on the individual's income and/or coverage under an employee-sponsored retirement plan. Regardless, funds accumulate on a tax-deferred basis.

A type of investment account to provide retirement security for the individual; created in 1974 by the Employee Retirement Income Security Act (ERISA). Contributions to your IRA may be deductible, and generally, investments in your IRA, including earnings and gains are not taxed until distributed to you.

Individualized Residential Alternative

Individual retirement account. A tax-deferred retirement account into which an investor may contribute a portion of his/her earned income. Withdrawals before the investor reaches age 59-1/2 are generally subject to a 10% penalty tax imposed by the federal government. Types of IRAs include the traditional IRA and Roth IRA.

Individual retirement account. A tax-sheltered retirement plan established by individuals in which interest earnings accumulate on a tax-deferred basis.

See individual retirement arrangement.

An account or trust in which individuals may set aside earned income in a tax-deferred retirement plan.

There are a variety of Individual Retirement Accounts (IRAs), including traditional IRAs, Roth IRAs, and Education IRAs, each with different features, deductibility provisions, and potential tax advantages. Certain withdrawals, including withdrawals from traditional and Roth IRAs prior to age 59 1/2, may incur an additional 10% penalty tax. For more information, consult with your tax professional.

Individualized Residential Alternatives or IRAs are group homes for individuals with developmental disabilities who do not need constant supervision and are capable of some independence

An IRA is an account just for yourself to which you contribute money to be used after retirement. An IRA will accumulate interest on a tax-free basis until you withdraw from it. You may have to pay the Internal Revenue Service a ten percent penalty if you withdraw money from your IRA before age 59 1/2. You may be able to deduct your Individual Retirement Contribution from your taxable income.

Individual retirement arrangement. A tax-favored retirement savings vehicle for individuals.

Each IRA company is a separate fee based business created to manage retirement funds. The government allows individuals to use money before it is taxed. This is to encourage savings by individuals. Each IRA has a set of criteria for the kind of investments they ‘approve’, based on government regulations governing IRA’s. Many private placements are marketed as being approved by an IRA. But while an IRA reviews the paperwork of an investment to see if the paperwork complies with the regulations governing IRA’s, but since the IRA does not directly investigate the companies, this ‘approval’ does not expressly or indirectly imply that the offering will be profitable or is even legitimate.

This tax-favored investment comes in two types: traditional and Roth. In a traditional IRA, you contribute money tax-deferred, which means it is taxed only when you withdraw it upon retirement. In a Roth IRA, you pay taxes up-front on the money you contribute, after which it is never taxed again. For a number of reasons, Roth IRAs are often better for younger people. To find out why, go to The IRA Decision.

Individual Retirement Arrangements

a self-funded retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred

A tax-deferred retirement account for an individual that permits the individual to set aside up to $2,000 per year, with earnings tax-deferred until withdrawals begin at age 59 1/2 or later.IRAs can be established at a bank, mutual fund, or brokerage. Only those who do not participate in a pension plan at work or who do participate and meet certain income guidelines can make deductible contributions to an IRA. All others can make contributions to an IRA on a non-deductible basis. Such contributions qualify as a deduction against income earned in that year and interest accumulates tax-deferred until the funds are withdrawn.

A retirement account that may be established by an employed person. IRA contributions are tax deductible according to certain guidelines, and the gains in the account are tax-deferred.

A retirement plan that allows individuals to make tax deferred contributions to a retirement account each year.

Individual Retirement Account. An Individual Retirement Account is a personal, tax-deferred savings account to which any individual under 70 ½ years of age can transfer funds to save and invest for retirement. The earnings are tax deferred until drawn upon. An IRA can be opened with a limited deposit of $2000 a year. One can begin withdrawing from his or her IRAs after age 59 ½. Withdrawals prior to this age are generally subject to a tax penalty.

Individual Retirement Account. An IRA is a tax-advantaged personal savings plan that lets an individual set aside money for retirement. All or part of the participant's contributions may be tax deductible, depending on the type of IRA chosen and the investor's personal financial circumstances. Distributions from many employer-sponsored retirement plans may be eligible to be rolled into an IRA to continue tax-deferred growth until the funds are needed.

Individual Retirement Account. A qualified retirement plan into which an individual may contribute pretax dollars and keep the money tax-free until retirement age. The individual may withdraw the money without penalty anytime between ages 59-1/2 and 70-1/2.

Individual Retirement Account - A do-it-yourself retirement plan available to all wage earners and spouses. Taxes on contributions and earnings may be deferred until withdrawal at retirement.

Individual Retirement Account. See Traditional IRA and Roth IRA.

Individual Retirement Account. Investment vehicle for individuals which can generate tax-deferred income during the term of the IRA investment, subject to taxation upon withdrawal and penalties upon early withdrawal.

An acronym for Individual Retirement Account, IRAs are tax-deferred accounts established by workers with earned income to save for retirement. There are two types of IRAs: Traditional IRAs, which may or may not be tax-deductible, and Roth IRAs, described below.

Individual Retirement Account. A tax-favored retirement account t allows all earners to make contributions (in many cases, tax deductible contributions) of up to $2,000 a year and defer income tax on the IRA earnings until distributions are made from the IRA.

INDIVIDUAL RETIREMENT ACCOUNT. A retirement plan that allows individuals to contribute and grow money in tax-deferred account.

Individual Retirement Account. People who are not covered by any pension plan at work may use an IRA to save for retirement. In a traditional IRA, the contributions are made from the person's taxable income and grow tax-free in the IRA. A Roth IRA, named for the United States Senator who shepherded it through Congress, is funded from a person's income, but that income is not taxed in the year it is earned. Instead, the income grows over the years and is taxed when the person withdraws it after he or she retires. Note that an IRA is not considered a "Pension Plan," and the provisions of ERISA do not apply.

Individual retirement account. The two main types of IRAs are regular and Roth IRAs. Regular IRAs are also called traditional IRAs because they were the first IRAs introduced back in 1981. Roth IRAs were introduced in 1998. Regular IRAs allow you to make a tax-deferred yearly contribution of $3,000 in 2004. For persons who are age 50 or older, a special catch-up provision of the 2001 tax law allows you to contribute an additional $500, or a total of $3,500, for 2004. This account grows tax-deferred until you begin to take distributions, which you can do after you turn age 59-1/2. Roth IRAs require you to pay income taxes in the year that you make the contribution. You also can contribute $3,000 per year in 2004. Roth IRAs grow tax-deferred, and if you keep the account for at least five years and are at least 59-1/2, the entire account can be distributed tax- and penalty-free.

Individual Retirement Account. An individual tax-deferred savings and investment account meant to accumulate funds for retirement.

INDIVIDUAL RETIREMENT ACCOUNT. A personal retirement account set up by an employed person with a contribution of up to $2,000 a year (or $4,000 for a couple). Contributions may be tax-deductible, and earnings are not taxed until the funds are withdrawn at age 59½ or later.

individual retirement account. In the United States, a tax-sheltered savings plan that allows some citizens to make pre-tax contributions to an approved account. The contributions and investment earnings are taxable as income only when paid out. Investors can establish IRAs through a number of financial institutions, including insurance companies. See also Keogh Act and simplified employee pension (SEP). | Back

See individual retirement account (IRA). | Back

Individual Retirement Account. In the United States, a retirement savings plan that allows people with earned income to deposit pre-tax earnings into a savings arrangement that is established by an individual and that meets certain requirements specified in the federal tax laws.

An Individual Retirement Account is a government-regulated savings/investment retirement account. Annual contributions to an IRA are tax-deductible, but upon retirement, withdrawals are taxed as regular income. Many online brokerages offer IRAs in addition to regular non-IRA accounts. IRAs may invest in many of the same securities available to regular investment accounts.

Individual Retirement Account. An investment account in which a person can set aside income and receive certain tax benefits. The money may not be withdrawn until the owner reaches a certain age, or penalties may apply.

Type of Defined Contribution Plan that is the most common personal retirement plan. Created under Section 408 of the Internal Revenue Code, individuals who qualify may invest a certain amount each year on a tax-deferred basis. (Individual Retirement Account)

Individual Retirement Account. A variety of accounts (traditional, Roth, etc) that encourage workers to save for retirement by providing tax and other benefits. Generally, there are penalties for using funds for purposes other than retirement.

Individual Retirement Account. A trust created or organized in the United States for the exclusive benefit of an individual or his beneficiaries that meets the requirements of Section 408 of the Internal Revenue Code (26 U.S.C. 408).

Individual Retirement Arrangement. There are three types of IRAs: traditional IRAs, Roth IRAs, and education IRAs. Information Returns These are returns, such as Form W-2 and the various 1099 forms, which report to the IRS income and property transactions. The payer, broker, or other designated person is required to file these returns and is subject to penalties for noncompliance.

INDIVIDUAL RETIREMENT ACCOUNT. A retirement investing tool for employed individuals that allows an annual contribution of 100% of earned income up to a specified maximum amount. The contribution may be deductible from income taxes, depending on the individual's income and coverage by an employer-sponsored retirement plan.Some types of IRAs include ROTH, KEOGH, and EDUCATION or COVERDELL.

Individual Retirement Account. Tax-deferred savings accounts that allow people to accrue retirement funds.

Individual Retirement Account. An individual retirement plan that allows an individual to make annual contributions up to $2,000 ($2,250 for one-income married couples). In certain instances, such contributions are tax-deductible.

Individual Retirement Account. Personal retirement account that an employed person can set up with a deposit that is tax deductible up to $2,000 per year. Such deposits qualify as a deduction against income earned in that year and interest accumulates tax-deferred until the funds are withdrawn at age 59 1/2 or later. Early withdrawals are subject to a 10% penalty.

Individual Retirement Account. a non-forfeitable trust or custodial account established for the exclusive benefit of an individual and the individualâ€(tm)s beneficiaries. No part of the funds may be invested in life insurance contracts.

Individual retirement account. Individual retirement accounts (IRAs) are self-directed investment accounts that provide the incentive of tax-deferred (in the case of traditional IRAs) or tax-free (in the case of Roth IRAs) earnings on assets in the account. If you earn income, or are married to someone who does, you can put up to $3,000 per year in an IRA in 2003. If you're 50 or over, you can invest an additional $500 each year. You must be at least 59 1/2, or qualify for an exception, to withdraw from your IRA without owing a 10% penalty. You must begin required withdrawals from traditional IRAs when you turn 70 1/2, and all earnings (plus any deductible contributions) are taxed at your current tax rate as they are withdrawn. Roth IRAs have no required withdrawals and any money you do take out is tax free if you are 59 1/2 or older, provided your account has been open at least five years.

Individual Retirement Account. A self-directed, tax-deferred retirement investment account established by employed workers who earn a salary, wage, or self-employment income. An IRA account can be with a bank, mutual fund, insurance company, or another trustee. Deposits for traditional IRAs are tax deductible and the investment earnings in the account are not taxable until withdrawn. Different rules apply depending on the type of IRA account.

Stands for "Individual Retirement Agreement" although it is commonly used for Individual Retirement Account without any confusion. Created by Congress to benefit those who do not work for a large employer with retirement plans, these accounts permit a person to save toward retirement without paying taxes on the account earnings. In certain cases, contributions to Traditional IRAs are excluded from current taxation. Roth IRAs do not benefit from tax deferal on contributions, but have much more flexible distribution rules. Previously there was an Educational IRA but that is now replaced by the Coverdale IRA.

Individual Retirement Account. Personal retirement vehicles in which a person can make annual tax deductible contributions. These accounts must meet IRS Code 408 requirements, but are created and funded at the discretion of the employee. They are not employer sponsored plans.

INDIVIDUAL RETIREMENT ACCOUNT. An IRA is a form of trust using custodial accounts. It is a method of saving for retirement on an individual basis. The legislation was passed by Congress to encourage citizens to save for their retirement and has largely been successful. A working person may contribute up to $2,000 per year; a non-working spouse may contribute up to $250 annually. Unless earnings are in excess of $50,000 per year, the contribution may be deducted from one's gross taxable income. p 72, 79, 80

Individual Retirement Account. A personal, tax-sheltered retirement account available to individuals. Depending on individual circumstances, IRA contributions may be fully or partially tax deductible. Withdrawals before the investor reaches age 59 1/2 are generally subject to a penalty imposed by the federal government. Types of IRAs include the traditional IRA and Roth IRA.

Individual Retirement Account. Allows one to save for retirement while enjoying either tax-free or tax-deferred growth. See Traditional IRA or Roth IRA.

A tax-deferred retirement account for an individual that permits individuals to set aside up to $2,000 per year, with earnings tax-deferred until withdrawals begin at age 59 1/2 or later (or earlier, with a 10% penalty).

Individual Retirement Accounts. Anyone under the age of 70-1/2 who has earned income may open an IRA. Contributions grow tax-free until they are withdrawn. Maximum annual contribution allowed by IRS is $3000 (2001-2004), $4000 (2005-2007). Distributions must start by age 70-1/2 or incur a 50% excise tax. Premature distributions before age 59-1/2 will incur a 10% penalty tax. (See Rollover)

Individual Retirement Account. A personal, tax-sheltered retirement account available to wage earners not covered by a company retirement plan or, if covered, meet certain income limitations.

Individual retirement account. A personal, tax-deferred retirement account. There are two kinds, the traditional and the Roth. A contribution into a traditional IRA may be tax-deductible and is limited to up to $3,000 a year unless you are over 50 and then goes up to $3,500. Money is taxed upon withdrawal, and significant penalties may occur on withdrawals before age 59-1/2. Contributions to Roth IRAs are not tax-deductible, but earnings and withdrawals are tax-free as long as the account has been open at least five years. Interest rate: What it costs you to borrow money, such as through a credit card or home or auto loan. Usually expressed as an annual percentage rate.

Accounts that allow individuals to set up retirement programs into which they can put aside a limited amount of money that builds up tax free until retirement. Individuals may start withdrawing funds from these accounts at age 59 1/2 and must begin withdrawals by age 70 1/2. Funds are taxed in the year they are withdrawn.

INDIVIDUAL RETIREMENT ACCOUNT. A personal savings plan that offers tax advantages to save and invest for retirement. Contributions are often tax deductible in whole or in part, depending upon individual cirumstances, including compensation levels and participation in an employer sponsored qualified retirement plan. Income derived from investments in a traditional deductible or nondeductible IRA are tax deferred until withdrawn. Under certain circumstances, withdrawals from a Roth IRA are tax free. Tax penalties may apply to IRA distributions taken before age 59 1/2. Contributions to an IRA may not exceed $2,000 per year. Individuals with earned income may contribute up to $2,000 to the IRA of a nonemployed spouse.

Individual Retirement Account. A personal retirement vehicle in which a person can make annual tax-deductible contributions.

Individual Retirement Account. A type of investment account designed to stimulate personal retirement savings by offering tax benefits.

Individual retirement account. an account that allows individuals to set aside money for retirement. Income limits, and whether they are covered under another qualified retirement plan, determine whether contributions can be made pre-tax. Investment return is tax deferred until withdrawal. Ordinary income tax must be paid upon withdrawal, as well as a 10% penalty tax on amounts withdrawn before age 59-1/2.

Individual Retirement Accounts. Merchants and Farmers Bank offers two types to choose from for eligible individuals, the Traditional IRA and the Roth IRA.

Individual Retirement Account. A tax-deferred plan that can help build a retirement nest egg.

Individual Retirement Account. An account to which an individual can make payments to save for retirement on a tax-favored basis.

Individual Retirement Account. An account set up by an individual that in some cases allows contributions to be deducted from income and permits earnings on contributions to accumulate tax-deferred until retirement, regardless of whether the contributions are deductible. Under the 1986 tax law, only those who do not participate in a pension plan at work or who do participate and meet certain income guidelines can make tax-deductible contributions to an IRA. All others can make contributions to an IRA on a non-deductible basis.

Individual Retirement Account. A retirement-type savings account for individuals who wish to make tax-deductible deposits until they retire; these contributions cannot exceed specific amounts without penalties.

Individual Retirement Account/Annuity. A retirement savings plan (excluding a Roth IRA) which allows individuals to contribute to an account on a tax-deferred basis. The contributions and earnings are taxable as income only when withdrawn or paid out after retirement.

An retirement savings account allowing investor to save money on a tax-free basis until the specific date of withdrawal. The withdrawal dates are usually when the investor reaches the age of 59 1/2, 62, or 65.

individual retirement account. See IRA section under Retirement.

Individual Retirement Account. The IRA is one of several popular types of retirement funds. It is not legal for a parent to borrow money from an IRA to help pay for their children's education.

Individual Retirement Account. A way for individuals who have earned income to save for their retirement. There are a variety of Individual Retirement Accounts (IRAs), including Traditional IRAs, Roth IRAs, and Coverdell Education Savings Accounts (formerly known as Education IRAs), each with different features, deductibility provisions, and potential tax advantages. Certain withdrawals, including withdrawals from Traditional and Roth IRAs prior to age 59½, may incur a 10% early withdrawal penalty from the IRS.

Individual retirement account. An account that allows individuals to set aside earned income in a tax-deferred retirement plan. For some individuals, contributions are deductible from taxable income.

Individual Retirement Account. Contributions to a traditional IRA are deductible from earned income in the calculation of federal and state income taxes if the taxpayer meets certain requirements. The earnings accumulate tax deferred until withdrawn, and then they are taxed as ordinary income. Individuals not eligible to make deductible contributions may make nondeductible contributions, the earnings on which would be tax deferred.

Individual Retirement Account. A retirement account for individuals. Up to $2,000 per year may be put into a tax-deferred IRA. Removing money from an IRA before age 59½ results in financial penalties. IRAs may be funded with mutual fund shares.

Individual Retirement Account. A personal retirement fund that you can establish with a bank, a brokerage house, or some other financial services provider. IRAs offer certain tax advantages. With a traditional IRA, you can contribute as much as $3,000 a year, and deduct your contributions from your federal income tax. The Roth IRA, while offering no tax deduction for contributions, allows tax-free withdrawals after you reach retirement age. Withdrawals may be made without penalty starting at age 59-1/2.

Individual Retirement Account. A retirement investing tool for employed individuals that allows an annual contribution of 100% of earned income up to a maximum of $2,000. Some or all of the contribution may be deductible from current taxes, depending on the individual's adjusted gross income and coverage by employer-sponsored qualified retirement plans.

An Individual Retirement Account or IRA is a retirement savings account that enables qualifying individuals to save and invest for retirement. There are a number of different types of IRAs, including employer provided plans and others set up by an individual. "Traditional" and "Roth" are special classifications for tax purposes.

An individual retirement account or annuity. IRAs may provide the taxpayer deductions for contributions to the IRAs and tax deferrals on the earnings.

individual retirement arrangement. A form of retirement investment administered by a bank or other custodian in the form of an individual retirement account, or by an insurance company in the form of an individual retirement annuity.

Individual Retirement Account. A personal, tax-deferred, retirement account that an employed person can set up with a deposit limited to $2,000 per year ($4,000 for a married couple filing jointly, whether or not both spouses work.)

individual retirement arrangement. In the United States, a retirement savings plan that allows people with earned income to deposit a portion of that income in a tax-deferred savings arrangement that is established by an individual and that meets certain requirements specified in the federal tax laws, including a requirement that the trustee of the trust account be a bank, insurance company, or other financial institution. See also Keogh plan.

Individual Retirement Account. A retirement plan that allows workers to set aside money each year in tax-deferred savings

Individual Retirement Account. A tax-deferred account that allows individuals to contribute a maximum of $2,000 per year toward retirement. Since the investments are not taxed, they can grow more rapidly and benefit from the power of compounding until they are withdrawn. IRA contributions may be fully or partially tax deductible. For a comparison of four types of IRAs offered by Atlas, go to Individual Retirement Accounts (IRAs).

(see Individual Retirement Account)

individual retirement account. A retirement savings account that meets requirements for favorable federal income tax treatment in the United States.

A personal qualified retirement account or annuity through which an individual may accumulate tax-deferred dollars up to a certain sum or percent of income each year for retirement income. Contributions may or may not be tax deductible, depending on the individual's income and coverage under an employer-sponsored plan. Regardless, earnings accumulate on a tax-deferred basis. (See also: individual retirement account.)

A tax-advantaged retirement account, allowing individuals with earned income to contribute up to $4,000 in 2006 ($5,000 if age 50 or older) into the account. The contributions are sometimes tax-deductible, and earnings are not taxable until the account is drawn upon.

Individual Retirement Account. A pre-tax, tax deferred retirement account. Individuals may contribute up to $2,000 per year depending on their level of income.

individual retirement account. A tax-deferred account to which an eligible individual can make annual contributions to save for retirement up to $3,000 per year ($6,000 for a single-income married couple filing a joint income tax return).

Individual Retirement Account. A tax-advantaged retirement account which enables an employed person to invest up to $2,000 each year.

Individual Retirement Account. A personal, tax-deferred account set up for the purpose of retirement. Governed by several qualifying factors, the contributions may be tax deductible. Limits set by Federal Tax Code establish when and what, if any, penalties and taxable implications may prevail. | back to educate yourself

Individual retirement account into which $2,000 can be deposited annually in an approved tax deferment program. TRA'86 created limitations on IRAs.

Individual Retirement Account. A deposit or investment account that provides tax benefits to help accumulate funds for retirement.

Individual Retirement Account. A personal tax-deferred retirement plan that may be established by anyone under the age of 70 who receives compensation, or by anyone, of whatever age, seeking to defer taxes by rolling over eligible distributions from a qualified retirement plan.

individual retirement account. IRAs provide special tax benefits for those who set up and contribute to such accounts. The type of IRA that is best for you (traditional or Roth) will depend on several factors, such as your earnings level, how long you have until retirement and your estimated tax brackets before and after retirement. See also Roth IRA.

See individual retirement account and Roth IRA.

Individual Retirement Account. This is a personal retirement tax shelter that the government has granted favorable tax benefits. An individual can invest up to $2,000 per year into a IRA. Depending on their income level and whether or not they are currently participating in their employer-sponsored retirement plan, he/she can deduct the amount of money placed under the IRA. Once inside the IRA the money grows tax-deferred. An investor can use stocks, bonds, mutual funds, or other permissible investments allowed by the IRS as the investment vehicle to fund the IRA.

Individual Retirement Account. A tax-deferred plan that permits individuals with earned income (and their spouses), to put aside contributions for retirement. For normal IRA's, there is no tax on the earnings until they are distributed, and the contributions are deductible within certain limits.

Individual Retirement Account. See: Resources

Individual Retirement Account. A retirement plan, open to any working American, to which a person may contribute a specified amount each year (up to $2000 per person); while annual contributions to IRAs may or may not be tax deductible the earnings from all IRAs do accrue on a tax-deferred basis.

Individual Retirement Account. A pension plan with major tax advantages. Any worker with earned income can begin an IRA and contribute up to $2,000 annually. An IRA permits investment through intermediaries like mutual funds, insurance companies, and banks or directly in stocks and bonds through stock brokers.

Individual Retirement Account. A tax-deferred personal account that allows employed individuals to set aside up to $2,000 per year for retirement. There are two types of IRAs, traditional and Roth. Earnings from a traditional IRA are tax deferred until withdrawals begin at age 591/2 or later. Funds invested in a Roth IRA are pre-taxed, which means the earnings are tax free upon withdrawal at age 591/2 or later. Insider Trading - The buying or selling of shares of a publicly held company by an “insider” - someone who has material information about the company that is not available to the public.

Individual Retirement Account. A tax-deferred trust or custodial account established by an individual who is under age 701/2 and has earned income. Depending on an individual's active participant status in an employer-sponsored retirement plan, all or a portion of the individual's contribution may be deductible from taxable income (as an adjustment to adjusted gross income).

individual retirement account. A form of defined contribution plan, whereby individuals may make tax- deductible contributions to their own retirement account and to their spouse’s, if the spouse is not employed. Contributions are limited to an annual maximum, as defined by law. The Tax Reform Act of 1986 greatly reduced the usefulness of lRAs by restricting the tax- deductibility of contributions, based on adjusted gross income for active participants in company pension plans. integration of retirement plan with Social Security The coordination of a pension plan with Social Security, so that an employee whose salary is greater than the amount subject to Social Security taxes receives the same total benefit (pension benefits plus Social Security payments) as a percentage of salary, as does an employee whose entire salary is subject to Social Security taxes.

An IRA is an Individual Retirement Account as defined in Section 408(a) of the Internal Revenue Code.

Individual Retirement Account. A method of planning for retirement that enables individuals to save up to $2,000 annually. These funds, called contributions, are in addition to any retirement plan already in place by the individual's employer. In addition, if an individual's employer has adopted a Savings Incentive Match Plan for Employees, the employee will be able to make a pre-tax elective contribution to an IRA of up to $6,000 annually. IRA funds are tax-deferred, that is, not subject to tax until withdrawals are made, when the individual may be in a lower tax bracket. (See Tax-Deferred Investment).

An account that magically turns $80,000 (40 years times $2,000/yr) into a comfortable retirement.

individual retirement account. An individual pension plan, usually a deposit account with a financial institution; often tax deferred, from which funds cannot be withdrawn before retirement.

Individual Retirement Account – a tax-deferred savings plan for individuals who are not covered under an employer's retirement plan.

Individual Retirement Account. A pension plan with tax advantages. IRA permits investment through intermediaries like mutual funds, insurance companies and banks or directly in stocks and bonds through stockbrokers. (See: Keogh Plan)

Individual Retirement Account. a tax shelter, in which the government allows each person to contribute $2,000 annually (of earned income) into an account that has tax-free features.

Individual Retirement Account. self-funded retirement plan that allows contributions toward retirement; taxes on the interest earned in the account are deferred.

Individual Retirement Account. Retirement fund established by an individual in which one deposits wages and defers taxes until retirement.

Individual Retirement Account. A self- directed retirement plan for individuals with earned income and their nonworking spouses. Maximum contributions are up to $3,000 annually. IRAs permit investment through intermediaries such as mutual funds, insurance companies, banks, and securities firms.

Individual Retirement Account. A tax-advantaged account designed for accumulating funds for retirement.

Individual Retirement Account. A tax-favored retirement account which an individual may establish for himself or herself and complies with applicable tax rules. Earnings grow tax-free within the IRA. IRA funds may be invested into a wide range of assets ranging from public stocks and mutual funds to real estate and private placements.

A retirement account set up at a bank, credit union, brokerage firm, insurance company, or mutual fund company that allows a yearly contribution, not to exceed $2,000, for the individual working person. Married couples, where one spouse works and the other does not, may contribute a maximum, combined contribution of $4,000. The contributions are tax-deductible if you are not currently covered by a 401K or pension plan at your place of employment. If you are covered by a pension plan, how much income you earn will determine the tax-deductibility of the IRA. Check with a tax advisor. There are restrictions as to when and how you can withdraw these funds without penalties.

Individual Retirement Account. A retirement account to which you can contribute up to $4,000 (or 100% of your compensation, whichever is less) annually. IRAs allow your money to grow tax deferred and, depending on your personal circumstances, contributions may be tax deductible and withdrawals prior to age 59 1/2 may be assessed a 10% IRS penalty. Withdrawals from IRAs are taxed at then-current rates.

Individual Retirement Account. Personal retirement account for employed persons. Contributions may be deductible against income earned that year. Interest and profits accumulate tax-deferred until the funds are withdrawn at age 59 1/2 or later. Early withdrawals are subject to a 10% penalty. IRA ROLLOVER provision of the law enables persons receiving lump-sum payments from their company's pension or profit sharing plan because of retirement or other termination of employment to ROLL OVER the amount into an IRA account. Once rolled over, the account continues to accumulate tax-deferred until withdrawal.

Individual Retirement Account - Allows participants to contribute $2,000 each year as a tax write off. A person cannot contribute to an IRA if they have another retirement plan in effect.

Individual retirement account. A tax-deferred personal retirement account that allows a person to invest up to $3,000 (or 100% of compensation, whichever is less) each year. Your contribution may be tax deductible depending on your adjusted gross income, whether you're married and whether your employer offers a retirement plan at work.

Individual Retirement Account. An Individual Retirement Account (IRA) is a retirement savings account that can be established by people with earned income and their spouses. IRA earnings are tax-deferred until withdrawn. Certain rules affect the deductibility of Traditional IRA contributions. IRA withdrawals are subject to regular income taxes, and may be subject to a 10% IRS penalty if taken prior to age 59 1/2.

individual retirement account. An account which allows an investor to defer taxes while investing into the account. Taxes on the earnings are paid upon withdrawal from the account, usually upon the investor's retirement.

individual retirement account/annuity. an individual plan which allows workers and their spouses to save for retirement on a tax-deferred basis; contributions to traditional IRAs are deductible for some IRA participants; see also Roth IRA, education IRA

Individual Retirement Account. An investor-established, tax-deferred account set up to hold and invest funds until retirement.

individual retirement account. Accounts established by individuals who meet certain IRS qualifications to build retirement funds with deferred tax liability until funds are withdrawn.

Individual retirement account. A special federal program that allows you to delay the payment of income tax on some money you save, which reduces the amount of tax owed. IRA rules determine how much money you can save under this program, how you can get your savings out, and how much tax you finally pay.

Individual retirement account. A retirement plan, offered by banks, brokerage firms and insurance companies, to which individuals can contribute each year on a tax-deferred basis.

The government's way of encouraging people to save. Individual Retirement Accounts allow you to put off paying taxes on money you save.

Individual Retirement Account. An employer's retirement plan that, as specified by tax law, allows employees to elect to have their federal taxable income be deducted and set aside for retirement.

Individual retirement account. A tax-favored retirement plan. Contributions to a regular IRA may be tax deductible, depending on your income and if you are covered by a retirement plan at work. Earnings grow tax-deferred. Earnings in a variation, the Roth IRA, grow tax-free, and contributions are made with after-tax dollars.

INDIVIDUAL RETIREMENT ACCOUNT. A tax-deferred, trusteed account into which certain eligible individuals contribute funds for retirement up to annual contribution limits. Approved vehicles for IRAs include Share Accounts and certificates at financial institutions, insurance annuities, mutual fund offerings and certain self-managed securities accounts at stock brokerage firms.

Individual Retirement Account. Trust funds established by individuals for retirement purposes, as authorized by Congress.

Individual Retirement Account. A qualified account which an individual (under age 70) can make annual contributions of of earnings up to to a certain dollar limit.

IRS itemized deduction

Individual Retirement Account. A personal savings plan that offers tax advantages to save and invest for retirement. Contributions are often tax deductible in whole or in part, depending on individual circumstances, including compensation levels and participation in an employer sponsored qualified retirement plan. Income derived from investments in a traditional deductible or nondeductible IRA is tax deferred until withdrawn. Under certain circumstances, withdrawals from a Roth IRA are tax-free. Tax penalties may apply to IRA distributions taken before age 59 ½. The most you can contribute to your traditional IRA for 2002 has been increased to $3,000 or if you are 50 or older, $3,500. Keep in mind that contributions on your behalf to a traditional IRA reduce your limit for contributions to a 'Roth IRA'. See: IRA Rollover; Lump-Sum Distribtution; Qualified Pension Plan Or Trust; Self-Directed IRA; Spousal IRA; Tax Deferred

Individual Retirement Account. An IRA is a personal savings plan that allows an individual to make cash contributions per year dependent on the individual's adjusted gross income and participation in an employer's retirement plan. Under a traditional IRA these earnings are not taxable until the time of withdrawal from the plan.

Individual Retirement Account. An account that can be established by individuals who meet IRS qualifications to build retirement funds, deferring the tax liability until funds are withdrawn. Under permitted circumstances, they may deduct their annual contributions from their taxable income.

A tax-deductible savings plan for those who are self-employed, or those whose earnings are below a certain level or whose employers do not offer retirement plans. Others may make limited contributions on a tax-deferred basis. The Roth IRA, a special kind of retirement account created in 1997, may offer greater tax benefits to certain individuals.

A retirement account that allows individuals to make tax-deferred contributions to a personal retirement fund. Individuals can place IRA funds in bank accounts or in other forms of investment such as stocks, bonds, or mutual funds.

See Individual Retirement Accounts.

Savings programs available to individuals. The plans allow for a certain amount to be deposited each year. This money is not subject to income tax for that year or following years as long as it is not withdrawn. The money is taxed as withdrawn upon retirement, usually when the depositor is in a lower tax bracket. During the life of the account, the money may be put into various interest bearing investments. Securities dealers as well as banking institutions now offer IRA'S.

Individual Retirement Account. A savings plan which allows citizens to accumulate funds for retirement on a tax deferred basis.

Individual Retirement Account. A fund established by an individual for retirement purposes as authorized by Congress. Some or all of the money placed in the fund is tax deferred until withdrawal after age fifty-nine and one-half.

Individual Retirement Account. An account to which an individual can make annual contributions of 100% of earnings up to $2,000 ($2,250 for a one-income married couple). These contributions are tax deductible for most workers, and income earned in the account is deferred until withdrawn.

Individual Retirement Account. An Individual Retirement Account allows individuals who are earning income to contribute to a tax-deferred investment fund. An individual can contribute up to $2,000 per year or $4,000 if married to an unemployed spouse. Contributions to an IRA are tax-deductible based on the individual's marriage status and income level. Monies contributed to an IRA may be invested in stocks, bonds, mutual funds, annuities, bank savings accounts, Certificates of Deposit, government bonds, and investment trusts but not more personal and immediate investments such as a home or collectibles. The individual may contribute to the Individual Retirement Account until age 70 1/2, but if money is withdrawn before age 50 1/2, penalties will be incurred.

Individual Retirement Account. A retirement savings account for individuals. Deposits may be tax-deductible. These contributions cannot exceed specific amounts without penalties.

Individual Retirement Account. Tax-deferred savings account used to accrue funds for retirement.

Individual Retirement Account. An investor-established, tax-deferred account created to hold and invest funds until retirement. Contributions are often tax-deductible, but they are taxed as ordinary income when withdrawn.

Individual Retirement Account. An account that enables individuals to set aside up to $2,000 of earned income each year toward retirement.

Individual Retirement Account. A tax-deferred savings account in which a person may accrue retirement funds.

A traditional IRA (individual retirement account) is a personal, tax-deferred savings plan that allows employed or self-employed individuals under the age of 70 1/2 to contribute up to a maximum of $3,000 of their earned income per year to the plan (If you're 50 or older, you can contribute an additional $500 "catch-up" contribution). You can contribute to a traditional IRA until you reach 70 1/2 years of age as long as you have earned income (income from wages, salaries or alimony). Unlike a Roth IRA, your eligibility to contribute to a traditional IRA is not restricted by the size of your adjusted gross income (AGI). The tax deductibility of IRA contributions depends on several factors, including an individual's income level and participation in an employer-sponsored qualified retirement plan. Investment income from an IRA account is not taxed until the individual withdraws the money.

An IRA rollover is the movement of an individual's assets from one retirement plan to another one. Under IRA regulations, individuals who receive lump-sum payments from their company's qualified retirement plan due to their retirement or termination of employment may reinvest the money in an IRA account. However, to avoid taxes and penalties, a person must deposit the distribution in an IRA account within 60 days from its date of receipt from the employer.

Similar to a traditional individual retirement account, the Roth IRA is a personal savings plan that allows employed or self-employed individuals to contribute up to a maximum of $3,000 of their earned income per year to the plan (If you're 50 or older, you can contribute an additional $500 "catch-up" contribution). It also permits your investments to grow free of federal taxes. However, the Roth has an important advantage over a traditional IRA: on qualified withdrawals, you pay no income taxes. In contrast, your investment earnings in a traditional IRA are taxed when the money is withdrawn. Unlike a traditional IRA, there are no upper age limit restrictions on account contributions or mandatory distribution requirements. Although Roth IRA contributions are not tax-deductible, the earnings on contributions are tax-deferred. To contribute to a Roth IRA, your adjusted gross income (AGI) must be less than $110,000 if you are single and less than $160,000 if you are married and filing jointly.

A SEP (Simplified Employee Pensions) retirement plan allows small employers to establish individual retirement accounts for themselves and their employees. Employers must contribute a uniform percentage of pay for each employee. Employer contributions are limited to the lesser of 15 percent of an employee's annual salary. Self-employed individuals also may set up a SEP. There are two major differences between SEP-IRAs and traditional IRAs: 1) SEP contributions are generally made by employers, not employees, and 2) the amounts contributed to SEPs can be much larger than the amounts contributed to traditional IRAs.

A SIMPLE (Savings Incentive Match Plan for Employees of Small Employers) retirement plan allows employers with 100 or fewer employees to provide individual retirement accounts through employee salary reductions and matching employer contributions. Under a SIMPLE plan, employees can set aside up to $7,000 of their salary each year. This contribution limit will increase in $1,000 increments through 2005. Employers can either match employee contributions dollar for dollar (up to 3 percent of an employee's wage) or make a fixed contribution of 2 percent of pay for all eligible employees.

A spousal IRA is an individual retirement account that is opened in the name of a non-working spouse. As long as one spouse is employed or self-employed, a married couple may contribute a total of $4,000 to their IRAs. However, the maximum contribution to each IRA is $2,000.

Individual Retirement Account. A tax-deferred retirement account set up with a financial institution such as a bank, broker, or mutual fund in which contributions may be invested in many types of securities such as stocks, bonds, money market funds, CDs, etc. See IRA Glossary and All About IRAs.

Individual retirement account. A special account in which an employee can set aside funds that will not be taxed until the employee retires.

Individual Retirement Account. tax-advantage investments to which the government allows each individual to contribute $2,000 of earned income each year that may be deducted from current gross earnings

Individual Retirement Account. An investor-established account allowed by the IRS to accumulate assets on a tax-deferred basis until retirement.

a militant organization of Irish nationalists who used terrorism and guerilla warfare in an effort to drive British forces from Northern Ireland and achieve a united independent Ireland

Irish Republican Army, the main Nationalist paramilitary organization

Irish Republican Army. The upholders of the Irish Fenian tradition, ultimately dedicated to the establishment of a united 32-county republic by whatever means possible and notorious both for its bombing campaigns and the extreme sophistication of its organizational structure.