IRAs are retirement savings accounts that help you save for your retirement. Discover the different types of IRAs for your retirement savings needs. Learn about IRAs and retirement options here.
What is an Individual Retirement Account (IRA)?
An individual retirement account (IRA) allows you to save money for retirement in a tax-advantaged way. An IRA is an account set up at a financial institution that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis. The 3 main types of IRAs each have different advantages:
Is an IRA a good investment?
An IRA is an investment account that provides tax breaks for retirement savings. Investing money in an IRA is one of the best ways to prepare for your later years because anyone with earned income can open one -- even those without access to an employer-sponsored retirement plan.
