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A spousal IRA is a type of retirement account for a single person where the person's spouse can put money into the account for them if the spouse is working and the partner who's name the account is in is out of work. This makes an exception to the rule that a person must be earning an income to have an IRA.
Taxes are paid upon withdrawal at a later date
There is one main difference between a 401k and a Roth IRA. The maximum contribution limit for a 401k is about three times that of an IRA.
Custodian has passive control vs. a trustee who can invest, funds etc.
The main difference between a traditional IRA rollover and a transfer is that a rollover is the special type of tax-free transfer of a retirement account into an IRA.
a 401k is an employer plan for the benefit of the employees, and an IRA is an individual plan
The biggest difference between an IRA CD and non-IRA CD is the tax consequences. IRAs (Individual Retirement Accounts) can contain a variety of investments, such as mutual funds, bonds, realestate, and of course CDs
A stretch IRA is a strategy that allows beneficiaries to "stretch" the distributions from an inherited IRA over their life expectancy to minimize taxes, while an inherited IRA refers to an IRA that is inherited by a beneficiary upon the death of the original account holder. Inherited IRAs must be taken as distributions and cannot be contributed to, unlike traditional IRAs.
Traditional and Roth IRA contributions can only be made with earned compensation, (ie: W2 income, bonuses, commissions, etc). A Spousal IRA contribution may also be an option.
There is a wide range of information available on IRA's in the US. Some of the simple rules set out for IRA's are to contribute, know the difference between Roth and traditional IRA's and pay attention to the costs.
A Roth IRA is funded with after-tax money and you do not pay taxes when you withdraw the money. A Traditional IRA is funded with pre-tax money and you pay taxes when you withdraw the money.