Individual Retirement Account Basics (IRA 101)

By | January 17th, 2013|Self Directed IRA Rules|0 Comments

An Individual Retirement Account, otherwise known as IRA (named after Ira Cohen, an IRS Actuary who helped design the plan guidelines), is a tax advantaged trust allowed under US Code Title 26 (Internal Revenue Code) Section 408 (Individual Retirement Accounts and Annuities). Much like other plans under the Employee Retirement Income Security Act (ERISA), i.e. [...]