8 Types of IRAs

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 layout 8 types of IRAs and strategies for each.

Types of IRAs Discussed in this Guide:
  • Traditional IRA
  • ROTH IRA
  • SEP IRA
  • Spousal IRA
  • SIMPLE IRA
  • Self-Directed IRA
  • Inherited IRA
  • Stretch IRA