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Memex

aliases:
  - Individual retirement account
tags:
  - Type/Concept
  - proto
from:
  - "[[Personal Finance]]"
  - "[[Retirement]]"
related:
  - "[[Investment]]"
  - "[[401(k)]]"
contra: 
to:
  - "[[My Retirement]]"
  - "[[My Fidelity 401(k) Account]]"
dateCreated: 2022-10-13, 14:55
dateModified: 2024-01-05, 13:34
version: 1
publish: true

IRA

	An Individual retirement account (IRA) in the United States is a form of pension provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age. An individual retirement account is a type of individual retirement arrangement as described in IRS Publication 590, Individual Retirement Arrangements (IRAs). Other arrangements include employer-established benefit trusts and individual retirement annuities, by which a taxpayer purchases an annuity contract or an endowment contract from a life insurance company.
	wikipedia:: Individual retirement account

An Individual retirement account (IRA) in the United States is a form of pension provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age. An individual retirement account is a type of individual retirement arrangement as described in IRS Publication 590, Individual Retirement Arrangements (IRAs). Other arrangements include employer-established benefit trusts and individual retirement annuities, by which a taxpayer purchases an annuity contract or an endowment contract from a life insurance company.

wikipedia:: Individual retirement account

Retirement

Roth IRA

aliases: 
tags:
  - Type/Concept
  - proto
from:
  - "[[IRA]]"
  - "[[Personal Finance]]"
related:
  - "[[Investment|Investing]]"
  - "[[Finances]]"
contra: 
to:
  - "[[My Retirement]]"
dateCreated: 2022-10-13, 14:57
dateModified: 2024-01-05, 13:34
version: 1
publish: true

Roth IRA

	A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference between Roth IRAs and most other tax-advantaged retirement plans is that rather than granting a tax reduction for contributions to the retirement plan, qualified withdrawals from the Roth IRA plan are tax-free, and growth in the account is tax-free.
	wikipedia:: Roth IRA

A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference between Roth IRAs and most other tax-advantaged retirement plans is that rather than granting a tax reduction for contributions to the retirement plan, qualified withdrawals from the Roth IRA plan are tax-free, and growth in the account is tax-free.

wikipedia:: Roth IRA

IRA

Can be good for middle ground emergency funds since you can draw from them

Traditional vs Roth

Traditional
Roth

Sources

https://www.nerdwallet.com/blog/investing/ira-distribution-rules/

IRA

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IRA

Traditional vs Roth

Sources