{"id":1214,"date":"2018-08-10T20:39:53","date_gmt":"2018-08-10T20:39:53","guid":{"rendered":"https:\/\/scrantonfg.com\/glossary\/individual-retirement-account-ira\/"},"modified":"2018-08-10T20:39:53","modified_gmt":"2018-08-10T20:39:53","slug":"individual-retirement-account-ira","status":"publish","type":"glossary","link":"https:\/\/scrantonfg.com\/glossary\/individual-retirement-account-ira\/","title":{"rendered":"Individual Retirement Account (IRA)"},"content":{"rendered":"<p>A qualified retirement account for individuals. Contributions to a Traditional IRA may be fully or partially deductible, depending on your individual circumstance. Distributions from Traditional IRA and most other employer-sponsored retirement plans are taxed as ordinary income and, if taken before age 59_, may be subject to a 10% federal income tax penalty. Generally, once you reach age 70_, you must begin taking required minimum distributions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A qualified retirement account for individuals. Contributions to a Traditional IRA may be fully or partially deductible, depending on your individual circumstance. Distributions from Traditional IRA and most other employer-sponsored [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":47,"template":"","meta":{"inline_featured_image":false},"_links":{"self":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/glossary\/1214"}],"collection":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/users\/4"}],"version-history":[{"count":0,"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/glossary\/1214\/revisions"}],"wp:attachment":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/media?parent=1214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}