How does an IRA work?
An IRA or individual retirement account allows people the opportunity to save money for retirement in a tax-advantaged account. IRA's have different categories - For example, Traditional, Roth, SEP and SIMPLE IRA's for businesses. An IRA is typically set up at a financial institution like a brokerage, e.g., Merrill Lynch, Edward Jones, etc. A professional Financial Advisor can help you set it up and diversify your investments.Learn More