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Review:

Ira

overall review score: 4.2
score is between 0 and 5
An Individual Retirement Account (IRA) is a tax-advantaged account that individuals can use to save and invest for retirement.

Key Features

  • Tax advantages
  • Various investment options
  • Contribution limits
  • Rollover options

Pros

  • Tax benefits can help individuals save more for retirement
  • Flexibility in investment choices based on risk tolerance and goals

Cons

  • Early withdrawal penalties may apply
  • Contribution limits may restrict high-income earners

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Last updated: Sun, Feb 2, 2025, 10:09:09 PM UTC