An IRA is not a type of investment in and of itself. It’s a type of account that serves as a holding account for your assets. Within a single account, you can invest in a variety of assets. Your IRA provider is the custodian of your account and will invest the funds according to your terms and objectives. It is a straightforward method to get a head start on saving for the future while also offering tax benefits.
How Does an IRA Work?
An IRA account can be opened at a bank, a brokerage firm, a mutual […]