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6 Types of Retirement Plans: Differences and Overview

An IRA is a tax-favored investment account. You can use the account to invest in stocks, bonds, mutual funds, ETFs, and other types of investments after you place money into it, and you make the investment decisions yourself unless you want to hire someone else to do so for you.You might consider investing in an IRA if your employer doesn't offer a retirement plan or if you've maxed out your ...