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Learn what an ira is, how it works, and compare the 4 main types—traditional, roth, sep, and simple iras—with key rules on contributions, tax benefits, and withdrawals. Unlike a regular investment account, the irs gives you special tax breaks to encourage its usage. Learn more about iras and how these retirement savings accounts can help you save for your retirement.

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If you're ready to start investing for retirement, an ira may be one of the best tools out there to maximize your money and minimize your tax burden. Here's what to know about the various types of iras. So, what is an ira account