Everything You Need to Know About IRA’s
An IRA, or Individual Retirement Arrangement is the investment of money that is tax-deferred for a safe financial retirement. IRA’s come in a variety of forms such as: Traditional, Roth, Simple, SEP, and Payroll Deduction. Below is a breakdown of what each of these different types of IRA’s entail, their limitations, and benefits. Tradition and Roth IRA Plans: You may have an annual contribution limit of $5,500 if you are under the age of 50. If you over the age of 50 you may