The Individual Retirement Account, or IRA, has become a staple of Americans saving for retirement. First established in 1974, the IRA gained in popularity through the 1980s and 90s and today, we find three basic types: the Traditional IRA, the Rollover IRA, and the Roth IRA. Traditional IRAs allow for tax-deductible contributions and tax-deferred growth. The Rollover IRA functions in the same manner as a Traditional IRA but initially is...
Read More