IRAs are similar to employer-sponsored plans, such as 401(k)s, in a sense that these are private retirement accounts rather than state pension funds such as Social Security. In the United States, while workers contribute to Social Security, they can also contribute to more than one private retirement account. Here, we cover the major IRA types as well as their similarities and differences. Once you study our articles related to this topic, you'll get to know differences among Traditional, Roth, SEP, and SIMPLE retirement accounts. 

We also would like to point out that unlike 401(k)s, IRAs give more options to invest, so investors have more room to maneuver. This is not to say that all kinds of investments are allowed. For example trading options isn’t allowed, but there’s an exception for covered calls and protective puts. Overall, the range of investment options is definitely larger for IRA accounts.  At the same time, investors are responsible for their selections. That's why it is so important to expand investing knowledge. And this site is here to help you. 



Related articles on this site:

Having an IRA is like having another golden nest egg for more secure future

Introduction to Individual Retirement Accounts (IRAs)


In this section, we cover major Individual Retirement Accounts such as Traditional, Roth, SEP, and SIMPLE IRAs.​