Today's Market

updated Moments ago Sponsored by:
DOW 15,343.04 -11.36 -0.07%
S&P 500 1,666.61 -0.86 -0.05%
NASD 3,493.89 -5.08 -0.15%

Community: Investing Wiki

Term Of The Hour

lowering income taxes: Original post by Jonathan Langsdorf of Demand Media An individual retirement account (IRA) provides benefits for savings or investing. The money deposited in an IRA grows tax deferred until withdrawals are made in retirement. An IRA can also provide current tax benefits with a deduction of the amount of deposit made during the current tax year.

Want to learn more or edit this definition?
Click here to read more!