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What's an IRA?

Article author
Nick
  • Updated

IRA stands for Individual Retirement Account, and they have lots of tax advantages over traditional savings accounts. Acorns Later offers 3 different types of IRAs - Traditional, Roth and SEP. When you open an Acorns Later IRA, you'll be asked a few questions, and we automatically select the right IRA plan for your lifestyle and goals.

To learn more about IRAs, check out our videos, or visit the IRS website.

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