☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Individual Retirement Account

A tax-advantaged retirement savings account — traditional IRAs offer tax-deductible contributions with taxable withdrawals; Roth IRAs offer tax-free withdrawals on non-deductible contributions.

Category: Tax Law · Source: IRC §408 (traditional), §408A (Roth)
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