How to Determine the Advantages of an IRA

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How to Determine the Advantages of an IRA – This is a place for the community to provide tips and advice on How to Determine the Advantages of an IRA. This topic was created by Jan Smelik and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - RETIREMENT PLANNING: Individual retirement plans

Published: 9 years, 3 month(s) ago | Submitted by Renee Allen | permalink

Individual retirement plans: Even if you've got a 401(k), an IRA can give your savings a big boost.
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For further reading: http://money.cnn.com/pf/money-essentials-individual-retirement-plans/index.html ^[1]

Tip 2 - IRA Contributions: Deductions and Tax Credits

Published: 9 years, 3 month(s) ago | Submitted by drumert | permalink

We outline the incentives and help you take full advantage of the benefits.
Tags: ira,traditional ira,roth ira,tax-deferred growth,tax deferred,tax-free growth,tax free,tax deductible,tax deduction,tax credit,modified adjusted gross income,magi,tax-filing status,tax filing status,active participant,partial,retirement saving plan,tax credits,fa seeker

For further reading: http://www.investopedia.com/articles/retirement/05/022105.asp ^[2]

Tip 3 - What is an IRA? (Individual Retirement Account) - Fidelity

Published: 9 years, 3 month(s) ago | Submitted by Ellen Keyser | permalink

An IRA is an account at a financial institution that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis. There are three main types of IRAs: Roth, Traditional, and Rollover, each with unique advantages.
Tags: what is an ira, ira, ira center

For further reading: https://www.fidelity.com/retirement-planning/learn-about-iras/what-is-an-ira ^[3]