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. However, b...
An individual retirement account (IRA)—known as an individual retirement arrangement by the IRS—is a long-term, tax-advantaged savings account that individuals with earned income can use to save for the future. The IRA is designed primarily for self-employed people who do not have access to...
An individual retirement account (IRA) is a long-term, tax-advantaged savings account that individuals with earned income can use to save for the future. The IRA is designed primarily for self-employed people who do not have access to workplace retirement accounts such as the 401(k), which...
Find out what an Individual Retirement Account (IRA) is, and see different types of IRAs, along with benefits, and contribution guidelines.
Open an IRA account Unsure which IRA fits your needs? Use our tool. What is an Individual Retirement Account? Individual retirement accounts (IRAs) are personal retirement savings accounts that offer tax benefits and a range of investment options. Many investors use IRAs as their common source of...
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: Traditional IRA - You make contributions with money you may be able to ...
An “inherited IRA” is an account opened when an individual inherits an employer-sponsored retirement plan or individual retirement plan after the original account holder’s death. The beneficiary of an inherited IRA could be a spouse, relative, or unrelated party. There are no rules on who ca...
An Individual Retirement Account, or IRA, can help you reach your retirement goals. Find out which IRA type may best help you save on your taxes.
An Individual Retirement Account (IRA) is a type of retirement savings plan that allows individuals to save for retirement in a tax-advantaged way. It provides a tax break for money saved in the account as long as it is used to fund a retirement plan.
An IRA is an investment account designed for retirement savings. These can offer tax advantages and help you grow your money over time.