IRAs Available to everyone, for after-tax contributions and rollovers. All Roth IRA contributions are in after-tax dollars. Personal Annuities Available to virtually everyone.
Contributions are unlimited.
Mutual funds can be used for a variety of purposes other than the after-tax investment vehicle described above. They can also serve as investment options under classic and Roth Iras and other tax-advantaged products, including retirement plans. In these cases, the contribution limits, tax treatment, and withdrawal rules for mutual finds are governed by the type of product or retirement plan under which they are offered.