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What is Individual Retirement Account (IRA)?

Crypto Terms Glossary: What is Individual Retirement Account (IRA)?

In the U.S., many financial institutions offer individual retirement accounts (IRAs) that provide tax advantages for retirement savings. Anyone can sign up for an IRA and save money in one. In short: one advantage of a traditional IRA is that your contributions are tax-deductible in the year that they are made.

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