answersLogoWhite

0

Which is the proper name for a retirement account?

Updated: 9/16/2019
User Avatar

Wiki User

12y ago

Best Answer

The proper name for a retirement account is "Roth IRA." The term "IRA" stand for Individual Retirement Account whether you are talking about a Roth IRA or another type IRA. Most insurance companies know what you mean whicever term you use.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Which is the proper name for a retirement account?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the name of a high interest retirement account in Omaha, NE?

Omaha School Employees' Retirement Systems(OSERS) is the high interest retirement account in Omaha,NE, it gives a 2% credit by multiplying the years of retirement.


How does IRA rollover work for retirement investment?

An IRA rollover for my retirement is just switching your account from work to retirement account.


VALIC How do you get money from your retirement account?

i would like to withdraw money from my retirement account with valic, what is the procedure on how to do this?


What is an omnibus IRA account?

An IRA retirement account is an individual retirement account for citizens in America. It provides tax advantages to the individual saving into the plan.


Can you declare bankruptcy if you have retirement account and savings account?

Yes, you can file a Bankruptcy if you have a retirement account. Most retirement accounts are not considered to be part of the bankruptcy state, and are out of the creditors' reach. This includes traditional 401(ks), IRAs, government retirement accounts such as CalSTRS and more.


When do you get you retirement check?

when is my retirement check posted to my checking account


What is IRA account?

The initials stand for....... individual retirement account


What is an IRA account?

The initials stand for....... individual retirement account


Is it legal to turn your IRA into a LLC to avoid paying taxes?

You cannot convert an Individual Retirement Account into a Limited Liability Company.You cannot convert an Individual Retirement Account into a Limited Liability Company.You cannot convert an Individual Retirement Account into a Limited Liability Company.You cannot convert an Individual Retirement Account into a Limited Liability Company.


What is Permanent Retirement Account Number?

A permanent retirement account number given to pensioners in India. The number is given by the agency PFRDA.


What factors do retirement calculators account for?

Retirement calculators can merely estimate your retirement budget based on your present amount of savings and retirement investments. They should take into account a comfortable lifestyle as well as unplanned emergencies that may arise.


Would you recommend Fidelity retirement funds over Vanguards offering of funds?

Either option is actually fine for a retirement account. Both options will offer you options for creating a retirement account to help you save funds for retirement.