Answer: An Individual Retirement Account (IRA)
An Individual Retirement Account (IRA) allows an individual to put money aside for retirement.
Explanation:
An Individual Retirement Account (IRA) is an account with a financial institution which provides account owners or individuals the opportunity to save money for retirement purposes. Thus, this type of account usually give individuals tax advantages because they can save based on tax deferment or growth. Types of IRAs account include: traditional IRA, Roth IRA and Rollover IRA.
