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Describe Lewis Terman's contribution to intelligence testing.
IRA Distribution
An IRA distribution is a withdrawal from an Individual Retirement Account, which can be subject to taxes and, in some cases, early withdrawal penalties.
Nondeductible Contributions
Contributions made to certain retirement accounts that do not qualify for a tax deduction at the time of deposit.
Taxable Portion
This is the part of any income or financial gain that is subject to taxation according to current tax laws.
Traditional IRA
An individual retirement account allowing individuals to direct pre-tax income towards investments that can grow tax-deferred until retirement withdrawals.
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