3615. What are retirement bonds?Nuco EmployeeCarly Brooks212016-06-27T20:37:00Z2016-06-27T20:37:00Z1121693Albany Law School5181314Site Map/Individual Retirement Plans/Roth IRA/In GeneralSite Map/Individual Retirement Plans/Traditional IRA/In General2005-01-25T00:00:00ZTaxFactsDefaultArticle114630210-00-tf1.xml211.00;#1812;#1821;#0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900242457EFB8B24247815D688C526CD44D009C4E67E972694125ABDA91AC61F5E51FTax Facts 1What is an individual retirement arrangement (IRA)?116800.000000000TaxFactsDefaultArticle2010-01-15T00:43:27ZSBMEDIA\moss-admin3615. What are U.S. Individual Rretirement Bbonds?Prior to TRA ’84, the IRC provided for the issuance of retirement bonds..IRC Sec. 409, as in effect prior to repeal by TRA ’84. These bonds were issued by the U.S. government, with interest to be paid on redemption. Sales of these bonds were suspended as of April 30, 1982..Treasury Release (4-27-82). Subsequently, the Treasury Department announced that existing bonds could be redeemed by their holders at any time without being subject to an early distribution penalty (Q 3645)..Treasury Announcement (7-26-84). Existing bonds also can be rolled over into other individual retirement plans under rules applicable to rollovers from individual retirement plans (Q 3928)..IRC Sec. 409(b)(3)(C), prior to repeal.