Jan. 11th, 2003

IRAs

Jan. 11th, 2003 05:54 am
rowyn: (Default)
A long time ago, I said I'd do a piece on IRAs. I like IRAs even better than 401(k)s.

IRA stands for "Individual Retirement Account." There are two main types of IRAs: Roth IRAs, and traditional IRAs. I believe there are also IRA-like vehicles to allow people to save for college and medical expenses, but I'm not familiar with them so I won't get into that.

An IRA is a great way to lower your taxes, and isn't not paying taxes what finance is all about?
Of course it is! )

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