Important Things to Know About IRAs - Article Highlights: IRA Contribution Limits  Compensation  Active Participation  Traditional IRA  AGI Phaseouts  Nondeductible Contributions  Spousal IRA  Roth IRA  Back Door Roth IRA  Penalties  Rollovers  Conversions  Required Minimum Distributions  The individual retirement account (IRA) is one of the favored ways to save money for retirement. There are two types of IRAs: the traditional IRA and the Roth IRA. The annual maximum that an individual can...
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