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Index – an indicator that reflects the value of a representative grouping of securities. For example, the Dow Jones Industrial Average or Standard & Poor Index of 500 Industrial Stocks |
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Individual Retirement Account (IRA) – an individual retirement account or an individual retirement annuity that holds assets on a tax-deferred basis. IRAs may provide the taxpayer deductions for contributions to the IRAs and tax deferrals on the earnings |
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In-Service Distribution – a withdrawal of vested money from a qualified plan to an employee who is still actively employed |
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IRS – Internal Revenue Service. The agency of the Treasury Department, headed by the Commissioner of Internal Revenue, charged with enforcing the tax laws |
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