The ABCs Of IRAs

Topics:
Retirement plans
Tags:
ABC Inc.,
Finance,
Financial Planning,
Free Trade,
Individual Retirement Account,
Interest,
Personal Finance,
Taxes,
Wells Fargo & Co.
Source:
Wells Fargo

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Overview: An Individual Retirement Account (IRA) is designed to help you save for retirement and offers many tax advantages. One powerful benefit is that you can delay - or possibly even eliminate - paying taxes on your investment earnings (interest or dividends paid to your IRA), depending on the type of IRA you invest in. This allows you to leverage compound growth (where the interest you earn is added to the amount you invest, giving you more total funds which in turn earn even more interest, and so on) to build your savings over time as you reach for your retirement goals.

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Format: HTML | Date: Jan 2009 | Pages: 3


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