traditional IRA
A tax-qualified savings account for individuals that allows the account holder to set aside money for retirement. A traditional IRA differs from a Roth IRA in that the contributions to a traditional IRA are tax-deductible at the time they are deposited and both the principal and the income earned in the account are taxed as regular income when they are withdrawn as distributions. See Individual Retirement Arrangement (IRA).
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Roth IRA
Keogh Plan
tax-deferred account
Individual Retirement Arrangement (IRA)
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current account deficit
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documentary credit