The Future


What is an “IRA”?

An IRA, or Individual Retirement Account, was created in 1974 under an act of Congress called ERISA, or the Employee Retirement Income Security Act. An IRA gives individuals who do not have access to an employer-sponsored retirement plan the means to have one, and gives individuals the ability to preserve the tax advantages and growth opportunities of having a retirement plan when they leave a job.


This is a web preview of the "The Handy Investing Answer Book" app. Many features only work on your mobile device. If you like what you see, we hope you will consider buying. Get the App