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New Tune

Recent changes in IRA laws should be music to investors' ears.

This story appears in the March 1997 issue of Entrepreneur. Subscribe »

Hum a few bars, and you can fake it. That's the way most people felt about that old standby, the Individual Retirement Account (IRA)--until now, that is. Major tax law changes in 1996 changed that tune.

Not since IRA contributions were first allowed in the mid-1970s and then allowed for some but not all wage earners during the 1980s have changes been so sweeping . . . and so positive for small-business owners and other IRA investors. In fact, these tax law changes have entrepreneurs singing a whole new song. Here are 10 IRA facts you should know:

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