What is an IRA? An Individual Retirement Account (IRA) is a tax-advantaged savings account designed to help individuals save for retirement. With different types such as Traditional IRAs and Roth IRAs, they offer unique tax benefits. Traditional IRAs provide tax-deductible contributions, potentially reducing taxable income, while Roth IRAs offer tax-free withdrawals in retirement. IRAs can…… Continue reading What is an IRA? A Complete Guide to Understanding IRAs