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Community: Investing Wiki

Term Of The Hour

Roth early withdrawal: Original post by Mike Parker of Demand Media The U.S. Congress authorized the first individual retirement arrangements (IRAs) in 1974 as part of the Employee Retirement Income Security Act. These early IRAs were only available to self-employed taxpayers, and workers who were not covered by a qualified retirement plan at work. Congress later expanded eligibility for IRAs to most taxpayers who had…

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