Caitrin

IRS Publication 590: Individual Retirement Arrangements Is it individual retirement account or individual retirement arrangement? There is no difference between an individual retirement account (IRA) and an individual retirement arrangement (IRA). They are both types of tax-advantaged accounts that can be used to save for retirement. The main difference between an IRA and a 401(k) … Read more

Simplified Employee Pension (SEP) IRA: How It Works Does SEP IRA grow tax free? SEP IRA funds grow tax-deferred, which means that you won’t pay taxes on the account’s growth until you withdraw the money. Does a SEP IRA count as a retirement plan at work? A SEP IRA is an individual retirement account, so … Read more