Individual Retirement Accounts

FCS5258/FY642, rev. 3/2012

Authors

  • Rachel Dorman
  • Lisa M. Leslie University of Florida
  • Michael S. Gutter University of Florida
  • Martie Gillen University of Florida
  • Josephine Turner University of Florida

DOI:

https://doi.org/10.32473/edis-fy642-2012

Keywords:

FY642

Abstract

An individual retirement account (IRA) is a good tool to build retirement funds. This type of account has been offered since 1974 and comes with special tax advantages. An IRA can be opened through a financial institution such as a bank, credit union, mutual fund company, or brokerage firm. Learn more in this revised 4-page fact sheet written by Rachel Dorman, Lisa M. Leslie, Michael S. Gutter, Martie Gillen, and Josephine Turner, and published by the UF Department of Family, Youth and Community Sciences, April 2012.

Author Biographies

Rachel Dorman

MS student

Lisa M. Leslie, University of Florida

program county Extension agent IV, B.S., fincancial management, UF/IFAS Extension Hillsborough County, Seffner FL 33584

Michael S. Gutter, University of Florida

professor, UF/IFAS Department of Family, Youth and Community Sciences; and associate dean for Extension, state program leader for 4H Youth Development, Families, and Communities, UF/IFAS Extension, Gainesville, FL

Martie Gillen, University of Florida

associate professor and specialist, family and consumer economics for older adults, UF/IFAS Department of Family, Youth and Community Sciences, Gainesville, FL

Josephine Turner, University of Florida

former professor, family and consumer economics, UF/IFAS Department of Family, Youth and Community Sciences, Gainesville, FL 32611.

References

Dalton, M. (2008). Retirement planning and employee benefits for financial planners, Fifth Edition. S. Rose, LA: Money Education.

Internal Revenue Service (2011). Publication 590: Individual Retirement Arrangements, retrieved October 19, 2011 from http://www.irs.gov/publications/p590/ch02.html#en_US_2010_publink1000230988

A calculator and some paperwork including a pie chart.

Downloads

Published

2012-05-31

How to Cite

Dorman, Rachel, Lisa M. Leslie, Michael S. Gutter, Martie Gillen, and Josephine Turner. 2012. “Individual Retirement Accounts: FCS5258 FY642, Rev. 3 2012”. EDIS 2012 (5). Gainesville, FL. https://doi.org/10.32473/edis-fy642-2012.

Issue

Vol. 2012 No. 5

Section

Historical Fact Sheets

License

License

Unless otherwise specified, articles published in the EDIS journal after January 1, 2024 are licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 4.0 International (CC BY-NC-ND 4.0) license.