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Understanding IRAs

Understanding IRAs

Article • 15 min of learning
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Here's how Understanding IRAs aligns with curriculum standards in Washington. Use the filters to change the location, set of standards, and grade level.

12.EI: Employment and Income

Compare sources of personal income and compensation.

Standards
Defined by State Learning Standards: Financial Education 12th Grade and align with Understanding IRAs
7: Identify typical sources of income in retirement.

12.I: Investing

Explain how investing may build wealth and help meet financial goals.

Standards
Defined by State Learning Standards: Financial Education 12th Grade and align with Understanding IRAs
2: Describe the importance of various sources of income in retirement, including Social Security, employer-sponsored retirement savings plans, and personal investments.

Evaluate investment alternatives.

Standards
Defined by State Learning Standards: Financial Education 12th Grade and align with Understanding IRAs
5: Investigate reasons to use retirement savings plans and health savings accounts.
6: Compare the advantages of taxable, tax-deferred, and tax-advantaged investments for new savers, including Roth IRAs (individual retirement accounts) and employer-sponsored savings plans.