Hey everyone I'm Laura Adams and this is the Money Girl Podcast

where my mission is to give you the knowledge, resources, and motivation,

to manage your money the best way possible and create a richer life.

I'm very, very glad you're joining me and I want to welcome you to the money girl community if you're new to the show.

I've received several questions about using retirement accounts right now and what changes have been

implemented due to coronavirus.

So this week, that's what we're going to focus on.

We're going to talk about IRAs.

Since the pandemic has caused so much economic uncertainty

this year, it is the perfect time to really get serious about

funding your retirement.

There are a variety of accounts that you can use, but an IRA or individual retirement account is one of my favorites because it's

just one of the best options.

It's available to the most number of people out there, no matter what your situation is.

I'm a big fan of using retirement accounts because they come with tax advantages

that make your money go further.

And the downside is that you have to follow some rules to

qualify for those benefits, which can seem a bit confusing at first. So if you're

someone who has been shying away from using an IRA because you're not really

sure about the rules, this podcast will cover everything that you need to know, including

what's new in 2020 related to the coronavirus.

I'm going to review 15 IRA rules so you can use an IRA

...