Is An IRA A Retirement Plan?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaA traditional IRA is a qualified defined contribution plan that allows you to contribute up to $5,500 a year and an additional $1,000 if you’re over age 50 tax deductible. The account accumulates tax deferred and distributions are taxable at ordinary income tax rates.Answered on July 17, 2013+01+1 this answer
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