Individual Retirement Account (IRA) Resource Center
In 1974, the Employee Retirement Income Security Act (ERISA) created individual retirement accounts (IRAs). Congress designed traditional IRAs originally to have two roles: first, to give individuals not covered by retirement plans at work a tax-advantaged savings plan, and second, to play a complementary role to the employer-sponsored retirement system by preserving rollover assets at job change or retirement. Since then, policymakers have introduced new types of IRAs and changed rules surrounding IRAs. IRAs have helped millions of US households save for retirement.
Background on Individual Retirement Accounts
Focus on Funds: An End-of-Summer Checkup for Your Long-Term Savings
Ten Important Facts About IRAs (pdf)
Focus on Funds: Boost Your Family’s Savings with a Spousal Individual Retirement Account
Research and Statistics
Comment Letters and Statements
Recommendations for 2016-2017 Treasury/IRS Priority Guidance Plan―Retirement Plan Items (pdf)
ICI Comments to IRS on Simple IRA Plan Information Collection Request (pdf)
Supplemental Response to DOL Definition of Fiduciary RIA Data Request (pdf)
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