Individual Retirement Accounts (IRAs) are a crucial component to many retirement plans. As the first wave of the Baby Boomer generation begins to enter retirement this year, the focus on a comprehensive retirement plan has never been more prevalent. Most financial professionals agree that a comprehensive retirement plan should include some sort of employer sponsored retirement plan such as a pension plan or a 401(k). But they should also include your own personal savings plan, including an Individual Retirement Account (IRA).
