Is A Retirement Plan An Ira? 
An IRA is just one type of retirement plan . An IRA -LRB- Individual Retirement Account -RRB- is specifically designed for individuals to save for retirement on a pre-tax basis . When funds are withdrawn at retirement they are then taxed . There is also an account called a ROTH IRA . This allows a person to save for retirement on an after-tax basis . When the funds are withdrawn at retirement they are then tax-free . An IRA is not the only type of retirement plan . There are many other employer based options . 