INDIVIDUAL RETIREMENT ACCOUNT - IRA
Investing instrument used by individuals to save and earn money for retirement, the tax-advantaged way. There are different types of IRAs: Traditional, Roth, SIMPLE, and SEP.
Both Traditional and Roth IRAs are created by individual taxpayers who are permitted to pay off 100% of compensation up to the fixed maximum dollar amount. Traditional IRA can be tax deductible if the individual meet the following conditions: individual’s income, tax filing status, and coverage on the employer-sponsored retirement plan. Roth IRA contributions are tax-free.
SEP and SIMPLEs are retirement plans made by employers. Individual participant contributions are paid to SEP IRAs and SIMPLE IRAs.
Also called individual retirement arrangements.
POPULAR TERMS
Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 04:00 | Expected Annual Inflation 2y from now | 4 quarter | |
| 07:00 | Economy Watchers Survey | Oct | |
| 10:30 | New Yuan Loans | Oct | |
| 01:30 | Westpac Consumer Sentiment | Nov | |
| 01:50 | M2 Money Supply + CD | Oct | |
| 02:30 | NAB Business Confidence | Oct | |
| 08:00 | Prelim Machine Tool Orders | Oct | |
| 09:00 | CPI | Oct | |
| 09:00 | Harmonized CPI | Oct |
