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Individual Retirement Accounts (IRAS)

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An individual retirement account (IRA) is a tax-deferred retirement program in which any employed person can participate, including self-employed persons and small business owners. In most cases, the money placed in an IRA is deducted from the worker's income before taxes and is allowed to grow tax-deferred until the worker retires.

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Copyright © 2011 Advameg, Inc.