The sheer number of options available to plan for retirement, and their confusing names and acronyms, can make you want to avoid the process altogether. For instance, IRAs are a type of investing tool that allow you to set aside money specifically for retirement, but they do not come in a one-size-fits-all package. There are several types of IRAs you can choose from based on your situation. Some are tax deductible, and others are not, but all have tax and other related benefits.
Topics: Near or in Retirement, All, Saving for Retirement, 401k investing, what’s the difference between stocks and bonds, what is a money market account, what is a stock, what is a bond, investing for retirement