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An IRA is a long-term savings plan that offers certain advantages over other types of investments. Typically, IRA's have tax deferral features that allow investors to re-invest funds until the time the IRA's are cashed out.

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12y ago

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What is a roth IRA calculator used for?

The calculator is used to calculate the benefits if anything between your normal IRA when you decide to a roth IRA. Roth IRA varies from normal IRA but both are unique to your financial situation.


What is the relationship between the IRA character code and the packed decimal representation?

As IRA used 8 bits per character . IRA characters are compatible with packed decimal .


What are the interest rates used by the IRA?

There are many different interest rates used by the IRA. Most IRA rates are around 2% and can go up to somewhere around 5%. IRA interest rates can always change.


Can I use my IRA as collateral for a mortgage?

No, you cannot use your IRA as collateral for a mortgage. IRA funds are meant for retirement savings and cannot be used as collateral for loans.


Where can one use Roth IRA calculators for free?

A Roth IRA calculator is used to calculate the total value of one's Roth IRA. Free Roth IRA calculators are offered by the websites Bankrate, Roth IRA, Money Chimp and Calculator Pro.


Can IRA's be used for college tuition?

IRA's can be used to pay for college tuition with out the 10% penalty of early withdrawal. The money has to be used for qualified expenses however, such as books, supplies and equipment.


Can an IRA be used as collateral for a real estate loan?

No.


Can I use my IRA as collateral to purchase a house?

No, you cannot use your IRA as collateral to purchase a house. IRA funds are meant for retirement savings and cannot be used as collateral for loans or other purchases.


Can an IRA be used to pay for child support arrearages?

The State can place a lien on an IRA to collect child support arrearages, yes.


When did the Irish Republican Army start?

During Irish History there have been a number of groups that used the title IRA. The first IRA can date itself back to 1913, known then as the Irish Volunteers, and took the name "Irish Republican Army" in 1919. It is now often referred to as the "Old IRA". Since then there have been splits which have led to groups using "IRA", including: The Provisional IRA (PIRA), founded in 1969 and best known for paramilitary campaigns during the 1970s-1990s; The term 'IRA' is almost always now used to when talking about them, but there are others. The Official IRA was the remainder of the IRA after the Provisional IRA split away in 1969. They are now inactive in the military sense. The 'Real' IRA, and The Continuity IRA were 1990s breakaway from the PIRA.


Can you have Both A Sep Ira and a Simple Ira?

Can you have both a Sep Ira and a Sep Ira?


Can you put capital gains in an IRA?

No, you cannot put capital gains directly into an IRA. Capital gains are typically generated from the sale of investments or assets, and the proceeds can be used to contribute to an IRA within the annual contribution limits.