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  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #16
    Ira

    Originally posted by Abigail
    How would I setup an IRA for myself and how does it benefit me?
    You might be able to set up an IRA through your bank or a credit union. Or, you can invest directly through a mutual fund such as Vanguard (www.vanguard.com).

    You get a tax deduction for investing in an IRA. Money invested through an IRA is not taxed until you take it out at retirement. By accumulating tax deferred for many years, you will end up with a lot more money in an IRA.

    See my article: http://www.tomcopelandblog.com/2011/...ount-ira-.html
    http://www.tomcopelandblog.com

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