Individual Retirement Account

Individual Retirement Account

An Individual Retirement Account or IRA is a retirement plan account that provides tax advantages for saving for retirement.

IRAs can be funded with most types of securities, and non security financial instruments. They include collectibles including . IRAs cannot generally hold real estate, valuable coins or bullion and life insurance.

IRAs are not subject to seizure during bankruptcy. However, unlike 401k and 403b account, IRAs can’t be borrowed against. There are some loopholes in the law that will allow you to temporarily withdraw funds, but you will require specialist advice to access these funds.

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