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The Future

IRA

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.



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