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In the United States, an IRA is an Individual Retirement Arrangement, a tax-deferred retirement account.

5 votes
3 answers
261 views

IRA contributions in a bear (bad) market: Should I build up cash savings instead?

I have a retirement account (not a 401k with a match, just an individual retirement account) and over the last few years have gotten statement after statement of losses on the value of my retirement s …
David in Dakota's user avatar
3 votes
2 answers
222 views

College Savings: Using available IRA vs establishing a 529 plan?

I do not currently max the contribution to my IRA; I can increase my monthly amount put in the mutual fund. What are the pros and cons of this thinking? … Are there any special advantages to the 529 that I miss out on by using the IRA? *and break his father's heart though at age one no need to put pressure on him …
David in Dakota's user avatar