Visit For An In Depth Review Of The Top IRA Companies Available Today. How to Select An IRA - 6 Easy Steps High school or college has ended and you've just entered the workforce. Don't neglect your individual retirement account (IRA). Yes, you might be years from retirement, but it's never too early to think about how to select an IRA. Investing for retirement is a lifelong process of investing for your future and includes vehicles like IRAs, 401Ks, annuities and other defined benefit plans. 1. Know the different types of individual retirement accounts. Each has its own advantages and disadvantages. Traditional IRAs, where investment grows tax-deferred and taxed at retirement. Roth IRAs are paid with after-tax dollars so that withdrawals are tax free upon retirement. With Education IRAs, also known as Coverdell IRAs, money grows tax-free for education expenses. Simplified Employee Pension, known as an SEP IRA, is an employer-sponsored IRA that allows employer
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