IRA

Collectible
A rare object collected by investors, ranging from stamps, coins, oriental rugs, antiques, baseball cards, to photographs. Collectibles are often valued higher during inflationary periods, but they are not valid investments for IRAs and self-directed Keogh plans.
Coverdell Education Savings Account (ESA)
A Coverdell Education Savings Account (ESA) is a type of Individual Retirement Account (IRA) designed to help parents save for their child's education expenses. These accounts allow for tax-free growth and withdrawals for qualified education expenses.
Individual Retirement Account (IRA)
An Individual Retirement Account (IRA) is a trust fund designed for individual employees to save for retirement with tax advantages. Contributions, limits, and tax benefits all depend on various conditions such as income level and participation in other qualified plans.
Individual Retirement Account (IRA)
An Individual Retirement Account (IRA) is a retirement savings account that provides tax advantages for retirement savings in the United States. It is designed to help individuals set aside funds for their retirement.
SIMPLE IRA
A SIMPLE IRA (Savings Incentive Match Plan for Employees Individual Retirement Account) is a form of salary reduction plan that qualifying small employers may offer to their employees, providing an efficient way to save for retirement.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.