IRAS


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Related to IRAS: Roth IRAs, Traditional IRAs

IRAS

abbreviation for
(Astronautics) Infrared Astronomical Satellite, a pioneering international earth-orbiting satellite that during 1983 made an all-sky survey at infrared wavelengths
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in classic literature ?
Wherein you showed a lot of sense, for Ira J., having altered his will in your favour, apparently had no time before he died to alter it again in somebody else's, which he would most certainly have done if he had lived long enough, for his chief recreation seems to have been making his will.
He wrote that Ira Nutcombe of whom they had spoken so often had most surprisingly left him in his will a large sum of money, and eased his conscience by telling himself that half of a million pounds undeniably was a large sum of money.
Surely in counsels concerning religion, that counsel of the apostle would be prefixed, Ira hominis non implet justitiam Dei.
"C'est assez pour aujourd'hui, messieurs; demain nous recommencerons, et j'espere que tout ira bien."
Contributions to traditional IRAs are not allowed after you reach age 70 1/2.
For most typical family situations, designating your spouse the primary beneficiary of an IRA and your children as contingent beneficiaries has been the recommended structure However, in some circumstances, naming a trust as the beneficiary is an appropriate technique Recendy, the U.S.
"With $7.4 trillion in assets invested, traditional and Roth IRAs are successfully meeting their dual mission as contributory savings vehicles and as a place to transfer or consolidate assets from employer-sponsored retirement plans," observes Sarah Holden, senior director of retirement and investor research at ICI.
Just-released research by the Investment Company Institute providing updated analysis on investors in traditional and Roth IRAs found that traditional IRAs tend to be opened with rollovers, whereas Roth IRAs tend to be opened with contributions.
Contributory IRAs and rollovers/direct transfers from employer qualified plans
There's an exception to the general rule that IRAs aren't subject to income taxes.
Can I convert my traditional IRA funds into a Roth IRA?
408(d)(3)(A)(i) permits a tax-free rollover of funds in a taxpayer's IRA, as long as the amount distributed to the taxpayer is paid into an IRA for the taxpayer's benefit within 60 days, subject to the one-rollover-per-year limit of Sec.