
Comparing Different Investment Account Types: IRA, 401(k), Brokerage, and 529 Plans
Comparison of Investment Account Types Individual Retirement Account (IRA) An Individual Retirement Account (IRA) is a type of investment account that allows individuals to save for retirement with tax advantages. There are two main types of IRAs: Traditional and Roth. Traditional IRA – Contributions may be tax-deductible – Earnings grow tax-deferred – Withdrawals are taxed…