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TYPES OF INDIVIDUAL RETIREMENT ARRANGEMENTS (IRA)
IRA is an investment account with tax advantages for retirement. Anybody earning a wage, salary, or income can open an IRA account and enjoy the tax incentives. Additionally, unemployed spouses of salaried employees are eligible for an IRA.
IRA vs. 401(k): What’s the Difference?
The most important financial goal we can achieve in life is saving for retirement, and Americans have several optionsfor retirement savings. However, the two most popular choices are Individual Retirement Account (IRA) and 401(k). Whether it's an IRA you've established asan individual or 401(k) set up by your employer, these benefits will cater to your golden years.
