An Individual Retirement Account (IRA) is an account that allows you to save for your retirement while taking advantage of tax benefits. There are many different types of IRAs, and each has different requirements and consequences, depending on your personal life circumstances and retirement goals. We’ll help you understand each Individual Retirement Account and their tax advantages, so you can determine which one may be right for you.
Mutual Funds are investment strategies that allow you to pool your money together with other investors to purchase a collection of stock, bonds, or other securities that might be difficult to recreate on your own. The price of the mutual fund, also known as its net asset value (NAV) is determined by the total value of the securities in the portfolio, divided by the number of the fund’s outstanding shares. This price fluctuates based on the value of the securities held by the portfolio at the end of each business day.