Monday, January 14, 2008

10 must know IRA terms

Another gem from Kay Bell on bankrate.com

10 terms you should be familiar with when opening an IRA account.

1. Adjusted gross income (AGI) 
2. Contribution
3. Deductible or nondeductible
4. Education IRA
5. Individual retirement account (IRA)
6. Modified adjusted gross income (MAGI) 
7. Required minimum distribution
8. Rollover
9. Roth IRA
10. Tax and penalty-free withdrawals

For the details go here.

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