Show simple item record

dc.contributor.authorTopoleski, John J.
dc.description.abstract[Excerpt] In response to concerns over the adequacy of retirement savings, Congress has created incentives to encourage individuals to save more for retirement through a variety of retirement plans. Some retirement plans are employer-sponsored (such as 401(k) plans), and others are established by individual employees (such as Individual Retirement Accounts (IRAs)). This report describes the primary features of two common retirement savings accounts that are available to individuals. Both traditional and Roth IRAs offer tax incentives to encourage individuals to save for retirement. Although the accounts have many features in common, they differ in some very important aspects. This report explains the eligibility requirements, contribution limits, tax deductibility of contributions, and rules for withdrawing funds from the accounts. This report will be updated as legislative activity warrants.
dc.subjectIndividual Retirement Accounts
dc.subjectRoth IRAs
dc.subjectpublic policy
dc.subjecttax incentives
dc.titleTraditional and Roth Individual Retirement Accounts (IRAs): A Primer
dc.description.legacydownloadsRL34397_20080303.pdf: 644 downloads, before Oct. 1, 2020.
local.authorAffiliationTopoleski, John J.: Congressional Research Service; Domestic Social Policy Division

Files in this item


This item appears in the following Collection(s)

Show simple item record