Intro to IRA's 🛎️

Introduction

You may have heard of a Roth IRA or Traditional IRA but never fully understood what these terms mean.

But don’t worry—you don’t need an MBA in finance to take advantage of the benefits of having an IRA account.

An Individual Retirement Account (IRA) is a specific type of investment account designed to help individuals save for retirement. The two most common types of IRAs are:

• Traditional IRAs

• Roth IRAs

What Makes an IRA Different?

What separates IRA accounts from regular investment accounts is that they come with valuable tax advantages:

✅ Traditional IRAs – Best for individuals who expect to be in a lower tax bracket in retirement and want to reduce their taxable income now.

✅ Roth IRAs – Most beneficial for those who expect to be in a higher tax bracket later and want to enjoy tax-free income in retirement.