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IRA for Retirement

Choose a Retirement Investment Plan

People use various retirement investments, and the IRA is one of them.

It is an Individual Retirement Account, or as the IRS likes to call it, an Individual Retirement Arrangement..

To choose you have to consider how long you have to go until retirement and how much you can put into it.

If you just saved money with savings interest, you would be at a disadvantage tax wise.

People look to the IRA for the tax advantages.

These breaks can add up to a lot of money so planning ahead of time is a wise decision.

Break down the benefits of the type of IRA that you might want to put your money into.

Look for more information about IRA investment on What is an IRA.

See the list below for a lot of good information.

Compare:

• Annuities
  

• Traditional IRAs


• Simple IRAs


• Roth IRAs


• SEP IRAs


• 401K Retirement Plan


• Roth 401K Plans.

An IRA is a popular retirement investment

American's use the IRA a lot because they are easy to get into and less complicated than other plans can be. 

An IRA plan does have restrictions for eligibility and a cap on the maximum IRA contribution.

Like most retirement plans that have tax advantages but also there are fines for early withdrawal