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Individual Retirement Arrangements (IRA): Terms To Know

Posted by Scott Farnes on Nov 25, 2020 7:59:00 AM

While many taxpayers already know about Individual Retirement Arrangements, or IRAs, and have set up an IRA with a bank or other financial institution, a life insurance company, mutual fund or stockbroker, there are other taxpayers such as those new to the workforce who may not understand how IRAs help them save for retirement. With this in mind, here is a list of basic terms to help people better understand their IRA options:

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Topics: Personal Finance, IRA, Retirement

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