Depending on your marital status, you may
be eligible for a tax deduction for your contributions.
The
Informed
Investor's Guide
IRAs Defined
Looking for a smart way to prepare for your financial future? Then you shouldn't
overlook the advantages offered by an Individual Retirement Account (IRA).
An IRA is a personal retirement plan and is not itself an investment. Rather,
it acts as a tax-advantaged "container" for the investment you put inside.
With an IRA, depending on your income and marital status, you may be eligible
for a tax deduction for your contributions. You also get tax deferral on
earnings, which means you won't owe any taxes until your money is withdrawn
from the IRA. Because your investment earnings compound tax-free year after
year, you get the potential for faster investment growth.
