An Individual Retirement Account is a form of retirement plan, provided by many financial institutions, that provides tax advantages for retirement savings in the United States as described in IRS Publication 590, Individual Retirement Arrangement (IRAs). The term IRA encompasses an individual retirement account; a trust or custodial account set up for the exclusive benefit of taxpayers or their beneficiaries; and an individual retirement annuity, by which the taxpayers purchase an annuity contract or an endowment contract from a life insurance company.
Read more about Individual Retirement Account: Types, Funding, Valid Investments, Distribution of Funds, Bankruptcy Status, Protection From Creditors, Borrowing, Double Taxation, Statistics, Similar Policies in Other Countries
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“Who can measure the advantages that would result if the magnificent abilities of these women could be devoted to the needs of government, society and home, instead of being consumed in the struggle to obtain their birthright of individual freedom? Until this be gained we can never know, we can not even prophesy the capacity and power of women for the uplifting of humanity.”
—Susan B. Anthony (1820–1906)
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—Henry David Thoreau (1817–1862)