A Primer on IRAs

Individual Retirement Accounts (IRAs) were originally known as Individual Retirement Arrangements. The concept was launched in 1974 with the passage of the Employee Retirement Income Security Act (ERISA). The idea was to make some sort of retirement savings vehicle available to those workers not covered by a qualified pension plan. This essay was originally published in Muhlenkamp Memorandum, Issue 107 as the third essay of the series, The “FRIDAY FOCUS” on Retirement, by Susen Friday.

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