There are several different types of IRA, and the most common are Roth and traditional. However, although they are lesser-known, other types of individual retirement accounts, such as Spousal and SIMPLE, are also available.
Your choice of IRA will largely depend on your employment status, income, workplace bene!ts, and other factors. All IRAs also come with caps on how much you can contribute and penalties if you withdraw money before your designated retirement age. The good news is that our IRA experts are on hand to help you to explore the many opportunities that an IRA has to offer and to choose the right option for your retirement planning and wealth management strategy.