You may have heard of a 401k plan before. Well an IRA plan is very similar to that. It works in much the same way only with a few major differences. For starters you do have a lot more control over an IRA plan then you have over a 401k plan. The only downside is that they normally have a stricter limit on how much you can invest. That is why ideally you should be investing into both plans.
So, how do IRAs work? In order to open up an IRA you have to make sure that your modified adjusted
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