Insurance companies also offer plans. You can put your IRA funds into stocks, bonds, or mutual funds. A wide range of choices is available. An IRA is a sure path to having funds available to further enjoy your retirement years. The money you put in reduces your present taxable income.
Tax is deferred on the earnings.
Employers often match part of your de posit. Both IRA and Keogh plans could be considered backup plans to Social Security. Like IRAs, Keogh funds are not taxed, nor are the returns the funds earn. Some companies are called one-stop financial centers or financial supermarkets. It pays to shop around for financial advice.