{"id":13,"date":"2026-09-09T12:00:00","date_gmt":"2026-09-09T12:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/nelson-financialgroup-com\/2026\/09\/09\/what-is-an-ira-types-and-how-they-work\/"},"modified":"2026-09-09T12:00:00","modified_gmt":"2026-09-09T12:00:00","slug":"what-is-an-ira-types-and-how-they-work","status":"publish","type":"post","link":"https:\/\/www.nelson-financialgroup.com\/blog\/2026\/09\/09\/what-is-an-ira-types-and-how-they-work\/","title":{"rendered":"What Is an IRA? Types and How They Work"},"content":{"rendered":"<div class=\"roomvu-news-container\">\n<p>As someone who\u2019s spent decades protecting families and serving our community, I know firsthand how vital it is to prepare for the future\u2014especially when it comes to retirement. An Individual Retirement Account (IRA) is a powerful tool for building a secure financial foundation. Whether you\u2019re considering a traditional IRA, which allows for tax-deductible contributions, or a Roth IRA, offering tax-free growth, these accounts are designed to help you make the most of your hard-earned money. For 2025, the contribution limit is $7,000, or $8,000 if you\u2019re age 50 or older\u2014giving those closer to retirement a chance to catch up. Remember, early withdrawals can mean taxes and penalties, so it\u2019s important to know the rules. My mission is to help families understand these options and make informed decisions that create lasting security and a legacy for generations to come.<\/p>\n<p>\t<a class=\"roomvu-news-continue\" href=\"https:\/\/www.bankrate.com\/investing\/what-is-an-ira\/\"><\/p>\n<div>Continue to full article<\/div>\n<p>\t<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As someone who\u2019s spent decades protecting families and serving our community, I know firsthand how vital it is to prepare for the future\u2014especially when it comes to retirement. An Individual Retirement Account (IRA) is a powerful tool for building a secure financial foundation. Whether you\u2019re considering a traditional IRA, which allows for tax-deductible contributions, or [&hellip;]<\/p>\n","protected":false},"author":459,"featured_media":14,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.nelson-financialgroup.com\/blog\/wp-json\/wp\/v2\/posts\/13","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nelson-financialgroup.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nelson-financialgroup.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nelson-financialgroup.com\/blog\/wp-json\/wp\/v2\/users\/459"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nelson-financialgroup.com\/blog\/wp-json\/wp\/v2\/comments?post=13"}],"version-history":[{"count":0,"href":"https:\/\/www.nelson-financialgroup.com\/blog\/wp-json\/wp\/v2\/posts\/13\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nelson-financialgroup.com\/blog\/wp-json\/wp\/v2\/media\/14"}],"wp:attachment":[{"href":"https:\/\/www.nelson-financialgroup.com\/blog\/wp-json\/wp\/v2\/media?parent=13"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nelson-financialgroup.com\/blog\/wp-json\/wp\/v2\/categories?post=13"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nelson-financialgroup.com\/blog\/wp-json\/wp\/v2\/tags?post=13"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}