Opening an individual retirement account (IRA) is one of the most effective ways to bolster your retirement strategy. Stashing away just a few hundred extra bucks a month in an IRA earns you , What is a traditional IRA? A traditional IRA is an individual retirement account (IRA) designed to help people save for retirement, with taxes deferred on any potential investment growth. Contributions are generally made with after-tax money, but may be tax-deductible if you meet income eligibility. 1 Benefits of a traditional IRA, Individual retirement accounts can offer significant tax advantages as you save for your retirement. Explore IRA solutions and open an account online today., Opening an IRA is one of the best ways to save for retirement. Here’s how to open an account in four easy steps., A Payroll Deduction IRA plan is set up by an employer. Employees make contributions by payroll deduction to an IRA (Traditional or a Roth IRA) they establish with a financial institution. A SEP is a Simplified Employee Pension plan set up by an employer. Contributions are made by the employer directly to an IRA set up for each employee., Open an IRA online, and get help choosing the type of IRA and investments that are right for you..