An Individual Retirement Arrangement (or IRA) is a retirement plan account that provides some tax advantages for retirement savings in the United States.

There are number of different types of IRAs, which may be either employer-provided or self-provided plans. The types include:

Roth IRA - contributions are made with after-tax assets, all transactions within the IRA have no tax impact, and withdrawals are usually tax-free. Named for Senator William Roth.
Traditional IRA - contributions are ...