Usually referred to as an IRA, it is a plan where a limited amount of income can be deposited annually and provides for tax benefits in future years as an individual nears retirement.
Home »
Law Dictionary » I » INDIVIDUAL RETIRMENT PLAN
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
Usually referred to as an IRA, it is a plan where a limited amount of income can be deposited annually and provides for tax benefits in future years as an individual nears retirement.