Individual retirement arrangements (IRAs) - Internal Revenue Service A traditional IRA is a tax-advantaged personal savings plan where contributions may be tax deductible A Roth IRA is a tax-advantaged personal savings plan where contributions are not deductible but qualified distributions may be tax free
What is an IRA? | why you should invest | Fidelity An IRA is an account set up at a financial institution that allows an individual to save for retirement with tax-free growth or on a tax deferred basis Learn more about IRAs and how these retirement savings accounts can help you save for your retirement
Individual Retirement Account (IRA): What It Is How It Works An individual retirement account (IRA) is a tax-advantaged investment account used to save money for retirement Depending on the type of IRA, contributions grow on either a tax-free or tax
What Is an IRA? | PNC Insights An IRA or "individual retirement account" is a tax-advantaged account intended to help you save for the future Unlike a regular investment account, the IRS gives you special tax breaks to encourage its usage
What Is An IRA? How Does It Work? – Forbes Advisor An IRA is a retirement savings account that provides you with tax-free investment growth and a range of other tax advantages Anyone who earns income—and even certain people who don’t—can