So how much do you know about the individual retirement account, also known as an IRA?

Today on your money or your wealth, Joe and Big Al, are getting back to basics,

contributing to an IRA, set in simple IRAs for small business owners, self-directed IRAs, and

IRA mistakes to avoid.

Plus, the fellas answer your questions, like, how much does an IRA make?

And they'll explain why owning real estate in an IRA is a terrible idea.

We've got a free white paper that explains each of the different types of IRAs,

who can contribute how deductible and non-deductible IRAs are different,

and which type of IRA is right for you.

Visit the show notes for this episode at Your Money, Your Wealth.com to download the

eight types of IRA's white paper, your free gift from Your Money, Your Wealth.

Now, with everything you could possibly need to know about IRAs until they think of a

bunch more stuff next week, here are Joe Anderson, CFP, and Big Alclopine CPA.

Want to dive in, Alan, and kind of go back to some old school type education.

Okay.

And I want to get in a little bit to IRAs, Roth IRAs, 401Ks, and let's kind of get in the basics.

And we can talk a little bit more about some examples of, you know, the power of compounding.

Yeah, I think that's a good idea because I think a lot of people, and most people know

about IRAs, individual retirement accounts or Roth IRAs or 401Ks or 403Bs, you save some

of your earnings in them.

But there's a lot of holes, I think, in people's knowledge.

So I think you're right.

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