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Learn what an ira is, how it works, and compare the 4 main types—traditional, roth, sep, and simple iras—with key rules on contributions, tax benefits, and withdrawals.

Learn more about iras and how these retirement savings accounts can help you save for your retirement. Here's what to know about the various types of iras. So, what is an ira account Find out what an ira is, what it offers, and how the three main types differ Unlike a regular investment account, the irs gives you special tax breaks to encourage its usage. One way to save for retirement is with an individual retirement account (ira)

Also known as an individual retirement arrangement, an ira is a type of personal savings account But not only does an ira provide a place to stash savings for retirement income, it has tax benefits, too.

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