An explanation of Individual Retirement Accounts
An IRA, or individual retirement account, is a tax-advantaged retirement account held by an individual that is not tied to an employer. IRAs allow for annual contributions, but often, funding for an IRA occurs when someone leaves their employer and "rolls over" the balance from an employer-sponsored retirement plan (typically a 401(k), 403(b), 457, or TSP). Please check with your tax advisor if you have questions regarding your eligibility for an IRA, as Unchained Capital is not allowed to offer tax advice.
Note: No contents of this post may be relied upon as tax, legal, or financial advice, as they have not been tailored to you and have not been reviewed by any attorney, financial advisor, or tax professional. For any questions related to your own specific situation, please consult with your own attorney, tax professional, and/or licensed financial advisor.