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Sigma KEE - PersonalAccount
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personal account
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This is the class of personal accounts, as opposed to CorporateAccounts.
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Relationships
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financial account |
A formal banking, brokerage, or business relationship established to provide for regular services, dealings, and other financial transactions.
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individual retirement account | A tax_deferred retirement account for an individual that permits individuals to set aside up to $2,000 per year, with earnings tax_deferred until withdrawals begin at age 59 1/2 or later (or earlier, with a 10% penalty). Only those who do not participate in a pension plan at work or who do participate and meet certain income guidelines can make deductible contributions to an IRA. All others can make contributions to an IRA on a non_deductible basis. Such contributions qualify as a deduction against income earned in that year and interest accumulates tax_deferred until the funds are withdrawn. | | | joint account | An account owned by two or more people, usually sharing a household and expenses. Each co_owner has equal access to the account. Most types of accounts, whether it's basic checking, savings or money market, allow for joint use |
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