What is an IRA?

Discover what an IRA (Individual Retirement Account) is, how it helps individuals save for retirement with tax advantages.

What is an IRA?
Isabelle May-06-2023 07:00:33
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An IRA (Individual Retirement Account) is a type of account that allows individuals to save and invest for their retirement. Contributions to an IRA are often tax-deductible, and its earnings grow tax-deferred until the account holder withdraws money from the account. Depending on the type of IRA, it may also offer the potential for tax-free growth.
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Jackson 540675163
10 Ques 1 Ans
answered 22 Aug 2023

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