What is an IEP? An IEP is an Individualized Education Program for children who qualify for special education services by their local public school district. It is not an Individual Education Plan. Why isnât it a Plan? As the old saying goes, âplans are made to be broken!â A program on the other hand must be followed!!
ERISA Plan The Employee Retirement Income Security Act (ERISA) of 1974 establishes minimum standards for retirement, health, and other welfare benefit plans, including life insurance, disability insurance, and apprenticeship plans.
An IRA is an Individual Retirement Arrangement which falls under IRS Publication 590. There are many types of IRA accounts such as Traditional IRA, Roth IRA, SEP IRA and Simple IRA. IRA's came about in 1974 through the Employee Retirement Income Security Act (ERISA). There are limits as to how much you can contribute each year and when you can pull your money out without penalty.