What are individual stock accounts?

Answer An individual stock account, also known as a separately managed account, is set up to buy stock outside of normal group brokerage accounts. They are operated by a money manager and have lower buy-i... Read More »

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The Distribution of Individual Retirement Accounts?

Individual retirement accounts are special investment accounts permitted by the Internal Revenue Service (IRS) to help taxpayers save for retirement. These accounts are given special tax benefits: ... Read More »

How many IRA accounts can an individual have?

On One Hand: There's no limitYou can invest in as many IRA accounts as you like. While the IRS allows you to hold multiple accounts, you are still bound by the contribution limits. The total contri... Read More »

When did individual retirement accounts begin?

Individual retirement accounts, or IRAs, began in 1974 when the United States Congress passed the Employee Retirement Income Security Act, according to the Congressional Budget Office. Congress int... Read More »

When were individual retirement accounts invented?

Congress introduced IRAs in 1974 through the Employee Retirement Income Security Act (ERISA). Originally, only workers not covered by an employment-based pension plan were eligible but the 1981 Eco... Read More »