BNET Business Dictionary
Business Definition for: IRA
- individual retirement account: a pension plan, designed for individuals without a company pension plan, that allows annual sums, subject to limits dependent upon employment income, to be set aside from earnings tax-free. Individuals with a company pension may invest in an IRA, but only from their net income. IRAs, including the Education IRA, designed as a way of saving for children's education, may invest in almost any financial security except real estate.
Wiktionary Definition for: IRA
- #w:Irish Republican Army Irish Republican Army
- #Individual Retirement Account
Additional Resources
- Payroll Deduction IRA
- "The Payroll Deduction IRA is probably the simplest retirement arrangement that a business can do. In fact, no plan document need be adopted under this arrangement.The employer has no filing equirements. Only employees make the contributions. Any size business can provide this. Under a Payroll Deduction IRA,...
- White papers
- Inherited IRA.
- INHERITED IRA I inherited my mother's IRA five years ago when she died. My understanding is that I cannot roll this into my IRA, but that I have to withdraw all of the money this year--the fifth year after her death--and pay taxes on...
- Research articles 2006-03-01
- Real Estate Investors, Reduce Your Taxes While Contributing More Than $2,000 Annually to an IRA!
- The article is about real estate investors. One of the most frequently occurred question by investor is "Is there any way that can one contribute more than $2,000 to into a truly self directed IRA?." The first response to them is: "How much would they like to put into...
- White papers 2003-01-01
- Tax Treatment of Roth IRA Distributions
- The Tax Payer Relief Act of 1997 created the Roth IRA, which was made effective for tax years beginning 1998. Prior to 1998, individuals who wanted to fund an IRA could make either a deductible or nondeductible contribution to a Traditional IRA. But distributions from Traditional IRAs are generally treated...
- White papers 2003-03-04
- It's all yours: with a Roth Ira, you don't have to share any of your nest egg with the IRS. (Roth IRA).(individual retirement accounts)(United States Internal Revenue Service)
- NEXT YEAR will be a watershed year for the Roth IRA. It will be the first time the real promise of this retirement account will come true, the first time Roth IRA owners will be allowed to withdraw earnings from their accounts absolutely tax-free. ...
- Research articles 2002-09-22
- Giving Financial Professionals an Edge in the Rollover Market; The Principal Financial Group Presents America's IRA Expert
- DES MOINES, Iowa -- Recognizing both the tremendous opportunities and potential complications of the IRA rollover market, the Principal Financial GroupR--the nation's 401k leader(1) and total retirement solutions innovator--is hosting its second all-day IRA training conference for financial professionals. America's IRA Expert, Ed Slott, CPA, will present his IRA Leadership...
- Research articles 2006-08-08
- Executor can complete rollover of deceased taxpayer's IRA.(IRAs)
- An executor can complete a rollover of a deceased taxpayer's IRA, the Service says privately. Here, the IRA owner who was over age 701/2 withdrew a portion of his IRA but died before he received the check. IRS says because the executor of his estate put...
- Research articles 2007-05-04
- When a Nonspouse Inherits an Estate's IRA.(individual retirement accounts)(Brief Article)
- If you inherit an IRA as the beneficiary of an estate, the IRS may allow you to move your share of the IRA assets into a separate IRA and be treated as the account's beneficiary. A man died without specifying who would inherit his IRA....
- Research articles 2004-01-01
- Deducting IRA Fees.(Individual Retirement Arrangement)(Brief Article)
- If you use outside funds to pay a yearly IRA maintenance fee, add the fee to your list of miscellaneous deductions. Once those deductions, which can include tax and investment advice, exceed 2% of adjusted gross income, they're deductible. Brokerage commissions incurred by trading...
- Research articles 2005-04-01
- More answers to the Roth IRA conversion rules
- IRS recently released Notice 98-50 clarifying whether a taxpayer who has converted an IRA to a Roth IRA may not only transfer the amount back to a traditional IRA in a re-characterization, but also subsequently reconvert that amount from the traditional IRA to a Roth IRA. The proposed regulations do...
- Research articles 1998-12-01
- Fidelity Investments Reports Unprecedented IRA Season; Roth-o-meters Research Shows Roth IRA Driving Sales Volume
- BOSTON--BUSINESS WIRE--April 16, 1998-- Popularity of the new Roth Individual Retirement Account IRA propelled IRA contributions at Fidelity Investmentsr for the first quarter of 1998 resulting in total IRA net sales that exceeded total IRA net sales for all of 1997, the company reported today. Fidelity...
- Research articles 1998-04-16
- Investors are Taking Advantage of the Tax and Retirement Benefits of a 'Paperless' IRA This Tax Season; Tips On How to Make the Most of Your IRA
- Business Editors BOSTON--BUSINESS WIRE--Jan. 26, 2001 Within the first three weeks of tax season, 34 percent of new Fidelity InvestmentsR Traditional and Roth IRAs have been opened online, paper-free. Online usage is up significantly from last season, when 7 percent of new IRA owners opened an IRA with...
- Research articles 2001-01-26
- Make The Most Of Your IRA
- Investors have two options for their Individual Retirement Accounts IRAs. The first option is a traditional IRA, the second option is a Roth IRA (named for the account's congressional sponsor), which features - among other benefits - the ability to accumulate tax-free earnings under certain circumstances. This paper discusses the...
- White papers 2008-01-01
- Roth vs. Traditional IRA Calculator
- An IRA can be an effective retirement tool. There are two basic types of Individual Retirement Accounts IRAs: the Roth IRA and the traditional IRA. Use this Roth vs. traditional IRA tool to determine which IRA may be right for a retirement plan.
- White papers 2009-01-02
- What Will My Roth IRA Be Worth At Retirement?
- Creating a Roth IRA can make a big difference in your retirement savings. There is no tax deduction for contributions made to a Roth IRA, however all future earnings are sheltered from taxes. The Roth IRA provides truly tax-free growth. It is important to note that Roth IRA contributions are...
- Tools & templates 2009-01-01
- What Are You Losing By Not Contributing to Your IRA Today? from Informa Research Services
- CALABASAS, Calif. -- Would you pass up free money? If you aren't contributing to your IRA, you may be (http://moneycentral.msn.com/loan/home.asp?iType=9). If you don't plan on working for the rest of your life, an IRA is vital in helping you retire. The sooner you open your IRA, the sooner you...
- Research articles 2008-04-09
- Investing In Real Estate with an IRA
- A special asset IRA custodian which allows its clients to use their retirement funds to invest in all forms of real estate investments permitted by the IRS. Most real estate investors are not aware that they can use their IRA funds to invest in real estate. More importantly, they do...
- White papers 2001-04-20
- Stretching Your IRA
- When looking into retirement investing options, one may have come across the term 'Stretch IRA'. This is actually not a category of IRA, such as a Traditional, Roth, SEP or SIMPLE IRA; instead, it is more like a financial-planning or wealth-management concept that acts as a provision of the IRAs...
- White papers 2004-07-07
- Roth IRA: Back to Basics
- Since its introduction under the Taxpayer Relief Act of 1997, the Roth IRA - in which earnings accrue tax free - has become a popular retirement and estate-planning tool among U.S. taxpayers. According to a study entitled IRA Ownership in 2003 by the Investment Company Institute, Roth IRA ownerships in...
- White papers 2004-09-15
- Self-Directed IRA and IRA LLC for Real Estate
- Many people are concerned with building wealth so that they can retire comfortably. A decades-old form of investing and creating wealth is gaining in popularity as people search for creative ways to buy real estate. The self-directed IRA and IRA LLC Limited Liability Company are vehicles to invest in real...
- White papers 2006-03-20
