A Study On The Development Of Individual Retirement Account Of USA

Considering this thirty years track of record of changes in policy regarding IRAs and the substantial body of research now available, it becomes clear that IRAs make an important contribution to enhanced retirement security.With assets that are earmarked for retirement ,IRAs help individuals make a commitment to saving for retirement .The contents in this paper can be included into 4 parts: a).the first time came into being and the development history of Individual Retirement Account during the past thirty years are explained. b), the characteristic and function, contribution system ,distribution system of each style of IRA ,which included Traditional IRA, Roth IRA ,Rollover IRA, Employer-Sponsored IRA are analyzed accordingly. c), the investment structure of Individual Retirement Account are demonstrated practically.In the first part, the history of Individual Retirement Account during past thirty years are explained ,and it can be consisted of three periods, which included bringing out, development, exchange adjustment period. And then analyses the methods that the tax law perfect Individual Retirement Account by government.In the second part, analyzed deeply the variety of IRAs ,mainly included characteristic, qualification for set up,contribution system, tax deduction, and distribution.In the third part, it can be mainly divided into two parts,one part is the importance of IRAs to retirement saving ,the role of IRAs for retirement and accumulation of retirement assets is substantial.the other is IRA inverstment.