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 a SIMPLE IRA Plan is a Retirement Plan that Uses SIMPLE IRAs for 2002

2002-2025 Form

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you've probably heard from a lot of people you should put some money into an ira and you're like yeah [Music] wait what's an ira you might have heard of roth iras on traditional iras but you can't quite grasp what exactly an ira is well let us help you out how's it going everybody my name is ali with strategic well designers and this is an ira simply explained in less than five minutes [Music] so ira stands for individual retirement account but what exactly does that mean well it's like a savings account for retirement your next question might be zombie why not just put my money into a savings account well there are a few reasons with a savings account your money can only grow depending on the interest within that savings account the national average for interest rates right now for savings accounts stand out point zero five percent per year but let's say you find a high yield savings account that has a 0.5 interest per year so if

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