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What are IRAs?

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Greatfallsfcu.com

So, you are thinking that now is a good time to start saving for retirement or at least explore what kind of plans they have for those looking to retire. But, aren’t quite sure what to do? Where to start? All you know is that you heard your parents and/or friends talking about an IRA. A What?

An IRA is an Individual Retirement Account – a savings account that allows you to keep your stocks, bonds, mutual funds and receive huge tax breaks. IRAs are simply, a better place to stack cash than under your mattress. While there are many many different types of IRAs, we will be looking at 4 primary types.