In most cases, investing in an IRA can prove very helpful for those saving for retirement. The money you invest in an individual retirement account can grow tax-deferred until the day of your retirement comes. Additionally, if you opt for a traditional IRA, you may get a tax deduction upon making a contribution, while a Roth IRA comes with a benefit of withdrawing money tax-free once you retire. However, much like any other financial product, even the best IRA account providers come with risks and limitations that you should learn about before making a commitment.