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October 4th, 2010

The Individual Retirement Annuity Plan

(Money Manager) - Individual retirement annuity plans are set up so that they share many structural similarities with a regular individual retirement plan (IRA). However, in the case of an individual retirement annuity plan, there are certain conditions that have to be met and an annuity contract has to be purchased. Individual retirement annuity plans have to be issued in the name of the owner.

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