IRAs, or Individual Retirement Accounts, are a great tool for anyone interested in saving for retirement. There are many benefits of IRAs that make them more appealing than traditional checking or savings accounts, cash, or personal investment accounts.
There are two main types of IRAs; Traditional and Roth. The major difference between them is when you pay taxes on your money. Traditional IRAs allow you to invest money tax free now and only pay taxes when you take the money out in retirement. With Roth IRAs, you pay taxes on the money now but you get it tax free later.
To learn more about IRAs and decide which type is right for you, read the full article here.