Retirement savings account

A retirement savings account is a type of retirement plan account that is envisioned to replace all three different types of individual retirement accounts that are currently used in the United States: traditional IRA, Roth IRA and Simple IRA.[1] Contributions would be made on an after-tax basis.[2] This is a major part of what the George W. Bush Administration's called the ownership society.

See also

References

  1. ↑ http://www.investopedia.com/articles/personal-finance/111314/5-essential-retirement-savings-accounts.asp
  2. ↑ http://roth-ira.net/faqs/how-will-i-calculate-my-ira-deduction/
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.