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Various types of IRAs exist, including traditional IRAs and self-directed IRAs. Both accounts can have advantages, but the best choice depends on your preferences.
A Roth IRA and a traditional IRA (individual retirement account) offer valuable retirement-planning benefits, but with different structures, income limits and pros and cons.
A traditional IRA is an individual retirement arrangement (IRA), established in the United States by the Employee Retirement Income Security Act of 1974 (ERISA) ( Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18 ).
If you're looking to save for retirement, you might be wondering whether an IRA is right for you. Learn about types of IRAs and their tax advantages and other benefits.
IRAs come in two major varieties – the traditional IRA and the Roth IRA. The distinction is critical because each type offers various benefits and is taxed differently.
SIMPLE IRA. A Savings Incentive Match Plan for Employees Individual Retirement Account, commonly known by the abbreviation " SIMPLE IRA ", is a type of tax-deferred employer -provided retirement plan in the United States that allows employees to set aside money and invest it to grow for retirement. Specifically, it is a type of Individual ...
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