IRAs

For many people, an Individual Retirement Account (IRA) is a smart way to save regularly for retirement and enjoy special tax benefits. IRAs offer the advantage of not having to pay taxes on annual investment earnings (gains, interest or dividends) until you begin withdrawing funds from the account.
It's best to start contributing to an IRA as early in life as you can, since that will allow your tax-deferred earnings to grow while you maximize the power of compounding.
ALEC offers two types of IRAs - savings and certificates - that allow you to choose how your money grows.
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