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What Is an IRA Account and How Does It Work?

April 26, 2017account IRA

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What Is an IRA Account and How Does It Work?

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IRAs (Individual Retirement Accounts) are special savings or investment accounts designed to help people save and earn money for retirement or other purposes (such as paying for a college education). If you want to know what IRAs are and how they work, this article explains the basics. A link to the Kiplinger’s financial information website at the end will provide further information.