ira's
TRANSCRIPT
- 1.IRA
An Investment in Your Future
Mr. Redelsheimer
Economics
2. Redelsheimers PowerPoints Inc.
Investing into an IRA
IRA stands for
Individual Retirement Account
3. Redelsheimers PowerPoints Inc.
If you decide to save for retirement and put your money in an IRA,
the government will give you a tax break
What, the government is going to do you a favor?
There must be a catch!
4. Redelsheimers PowerPoints Inc.
Investing into an IRA
Well there actually is a catch.
You have to keep your money in the IRA until age 59 . Or
Else
- If you withdraw the money before that, you will be hit with a 10% penalty, plus taxes on everything you withdraw.