INDIVIDUAL RETIREMENT ACCOUNT - IRA
Investing instrument used by individuals to save and earn money for retirement, the tax-advantaged way. There are different types of IRAs: Traditional, Roth, SIMPLE, and SEP.
Both Traditional and Roth IRAs are created by individual taxpayers who are permitted to pay off 100% of compensation up to the fixed maximum dollar amount. Traditional IRA can be tax deductible if the individual meet the following conditions: individual’s income, tax filing status, and coverage on the employer-sponsored retirement plan. Roth IRA contributions are tax-free.
SEP and SIMPLEs are retirement plans made by employers. Individual participant contributions are paid to SEP IRAs and SIMPLE IRAs.
Also called individual retirement arrangements.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Aug | |
| 11:00 | Ifo Business Climate Index | Oct | |
| 11:00 | Ifo Current Assessment | Oct | |
| 11:00 | IFO - Expectations | Oct | |
| 13:00 | CBI retail sales volume balance | Oct | |
| 01:50 | Corporate Service Price Index | Sep | |
| 02:01 | BRC Shop Price Index | Oct | |
| 07:00 | BOJ Core CPI | Sep | |
| 10:00 | Unemployment Rate | 3 quarter |
