Make investing a little less taxing
In the U.S., an IRA (Individual Retirement Account) and its tax benefits can make an attractive investment. But which type is best for you--traditional, Roth, or education?Each has different tax advantages, different guidelines for eligibility, different allowable investment rates, and different types of penalties for withdrawing at different ages. We'll outline each type of IRA, and help you decide which will work hardest for you.An IRA pools people's money together and invests it. The combined investment generates profit and interest, which is divided among investors according to how much they put in. An IRA is set up so investors can direct their contributions (or different percentages of their contributions) toward safe or aggressive investment funds, depending on their