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Individual Retirement Annuity

Individual Retirement Annuity Definition

Individual Retirement Annuity is a retirement investment similar to an individual retirement account, with the main difference that the investment is not actively managed. Individual retirement annuities have the same annual contribution limits, tax advantages, catch-up provisions, and withdrawal requirements as individual retirement accounts. Annuities can be purchased from insurance companies and the contributions will be invested according to a pre-defined scheme.

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Annuity
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Retirement Planning




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