A Type of Individual Retirement Where the Initial Contribution Is

question 98

Essay

A type of Individual Retirement where the initial contribution is not tax deductible, but all earnings  remain tax-free, even upon withdrawal. This is called the __________________ IRA.​

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Definitions:

Contracts

Legally binding agreements between two or more parties that are enforceable by law.

Enforceable

Capable of being imposed or upheld by a court of law or other authority.

Minors

Individuals who are under the age of legal adulthood and are therefore subject to certain legal protections and restrictions.

Breach Of Contract

The inability to fulfill any condition of an agreement, whether documented or spoken, without a valid legal reason.