Basics of individual retirement
IRA- Individual Retirement Accounts are the most common means for saving for
retirement next to 401(k) plans.  An IRA can be made up of several components
or a single source.  The two IRA types are the Roth and Traditional.  A
traditional IRA is funded by pretax money so at the time that money is drawn
from the account the individual is taxed on the withdrawals.  A Roth IRA is
funded by after tax money and at the time of withdrawal the account is not
subject to taxes.

Annuities- While an annuity can be part of an IRA they can also stand alone as
a retirement or investment vehicle.  Annuities accept money over an extended
period or in a lump some.  After a set period of time the annuity begins paying
money back.  The money paid back can be arranged in several ways either
percentages or flat amounts per month or year.
IRA
Annuities
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