IRAs
Individual retirement accounts or IRAs have become a major investment vehicle for retirement planning in the US because of their tax benefits. The most popular IRA accounts are the traditional IRA funded with pre-tax dollars and the ROTH IRA with tax-free distributions. The number of IRA account types has grown to include the Roth IRA, SEP IRA … Keep Reading → (self-employed IRA), SIMPLE IRA, Self-Directed IRA. The Rollover IRA and the Conduit IRA are now called part of the traditional IRA. The Educational IRA is now called a Coverdell Education Savings Account. The government sets contribution limits and the distribution of funds and major tax penalties can occur when the conditions are not met. Explore the types of IRA accounts available for your retirement planning in this Hub.
