Updated for 2023:

Making contributions to an Individual Retirement Account, otherwise known as an IRA, is all about saving now so you can enjoy the retirement of your dreams later on. One of the biggest advantages of an IRA is that your contributions (and any growth thereafter!) will grow tax-free. Now there are several different types of IRAs, and not each will be right for your personal situation. This guide will lay out different types of IRAs, so you can find out which one is right for you.

In this guide, you’ll learn…

  • Traditional IRA
  • Roth IRA
  • Spousal IRA
  • Self-Directed IRA
  • Inherited IRA
  • Stretch IRA