Francis Hughes' involvement in the killings was confirmed in an IRA account of the incident.

Effect on an IRA account.

Early distributions generally are amounts distributed from your traditional IRA account or annuity before you are age 59 .

Furthermore, money put in IRA accounts is tax deductible when family income is less than $40,000.

Curently, if you are under age 59 1/2 and take funds out of your IRA account, you will pay a 10 percent penalty on the amount withdrawn.

The size of an IRA account may mislead people into believing their wealth is larger than it actually is.

In particular, some penalty exceptions are narrowly defined to only covering IRA accounts, leaving 401(k) and other plan holders in the cold.

An IRA account can only be passed on once, and it is not directly transferred into the beneficiary's account.

Two included an employee of Roger's consulting firm and her husband, who bought additional shares in the IRA accounts.

If both husband and wife are employed, they can put a total of $4,000 per year into IRA accounts.