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