Understanding Individual Retirement Accounts

An individual retirement account (IRA) is a tax-advantaged investment account in the United States that helps individuals save for retirement. It offers various investment options, such as stocks, bonds, mutual funds, and more. IRAs come in different types, including Traditional IRAs and Roth IRAs, each offering unique tax benefits. Contributions and earnings grow tax-free or tax-deferred, depending on the type of IRA.



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