top of page

IRA Questions & Answers

Question: What do the letters IRA mean? Answer: IRA is the acronym for Individual Retirement Account? The key word is account, meaning an IRA is not an investment, but one of several types of accounts designed for retirement savings.

Question: What is an Rollover? Answer: "Rollover" is the term commonly used to describe the transfer of assets (money) from a (former) company retirement plan to another tax-deferred account such as a IRA or the retirement plan offered by a new employer. R