What is IRA?The IRA is a wonderful retirement tool that allows you to save away for your golden years with the tax-deferred growth of your money. However, even though you don't have any taxes to pay until the time you take your money out, it doesn't mean that any of your money is free from taxes in the meantime. It's important to understand how IRAs work so that you don't end up paying a high price for not paying enough taxes earlier
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