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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.

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IRAs Play an Increasingly Important Role in Saving for Retirement

Individual retirement accounts (IRAs) represented 35 percent of US total retirement market at the end of the third quarter 2021, compared to 23 percent two decades ago.

Background on Individual Retirement Accounts

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Video

Focus on Funds: An End-of-Summer Checkup for Your Long-Term Savings

Now is the perfect time to ensure your long-term savings are on track with a helpful checklist from...
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Research

Ten Important Facts About IRAs (pdf)

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Video

Focus on Funds: Boost Your Family’s Savings with a Spousal Individual Retirement Account

A lesser-known tax code provision can help nonworking spouses build savings in an individual...

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Comment Letters and Statements

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Comment Letter

Recommendations for 2016-2017 Treasury/IRS Priority Guidance Plan―Retirement Plan Items (pdf)

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Comment Letter

ICI Comments to IRS on Simple IRA Plan Information Collection Request (pdf)

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Comment Letter

Supplemental Response to DOL Definition of Fiduciary RIA Data Request (pdf)

Other Resources

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