MLchartDataset catalogue

IRA

Term · Law · MLC-T-LAW-002780

An abbreviation for Individual Retirement Arrangement, a tax-advantaged savings plan designed to encourage individuals to save for retirement. There are several types, including Traditional IRAs, which offer tax-deductible contributions, and Roth IRAs, which allow for tax-free withdrawals in retirement. Contributions and withdrawals are subject to specific Internal Revenue Service rules and age restrictions.

Table 1. Record
IdentifierMLC-T-LAW-002780
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002780",
  "term": "IRA",
  "field": "Law",
  "definition": "An abbreviation for Individual Retirement Arrangement, a tax-advantaged savings plan designed to encourage individuals to save for retirement. There are several types, including Traditional IRAs, which offer tax-deductible contributions, and Roth IRAs, which allow for tax-free withdrawals in retirement. Contributions and withdrawals are subject to specific Internal Revenue Service rules and age restrictions.",
  "url": "https://mlchart.com/terminology/law/ira/"
}

Record 2,708 of 5,441 in Law terminology (MLC-0107). Request the full dataset.