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The best thing about investing in an Individual Retirement Account, or IRA, is that you can get a chance to invest in a wide range of asset types, making it easier for you to diversify your retirement funds and create a better investment portfolio.
Contrary to what most of us are thinking, IRAs are actually not restricted to stocks, mutual funds, security bonds, and such.
An IRA, or Individual Retirement Account, is a type of investment vehicle which is specifically made for the retirement of employed individuals. Those people who are allowed to make contributions to an IRA are those who are earning a taxable income through employment or through rendering their service to others. There are some eligibility rules that need to be met before a person can open an IRA, and these rules may vary depending on the type of IRA plan he plans to open.