Question : when was the Individual retirement account tax saving plan first started?
I am trying to calculate the "basis" of the nondeductible IRA account; and I think it started in 1976.......Thanks.
- asked by Rich
All Answers:
Answer #1
IRAs were created by the Employee RetirementIncome Security Act of 1974 (ERISA) (Pub.L.93-406, 88 Stat. 829, September 2, 1974) Thetraditional IRA has been in existence since 1975.
- answered by Brian J
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