IRA Planning

👉 Definition:
An IRA (Individual Retirement Account) is an individual retirement account in which you can save and invest money with tax advantages.

👉 Simple example:
Imagine putting $200 aside in an IRA every month. That money grows tax free until you retire.

👉 Advantages:
• Differentiation or exemption for the type of IRA (Traditional or Roth).
• Potential for long-term growth.
• Saving discipline for the future.

👉 Where to use it:
Ideal for individuals looking to supplement their retirement plan, business owners, or employees who want beyond their 401(k).