Here’s an easy question for you: Would you like to retire someday?
Now here’s a tougher question: Do you know how an IRA works?
If you answered “yes” to the first question, then you should also be able to answer “yes” to the second one. In fact, you should learn just about everything there is to know about IRAs, or individual retirement accounts. These simple, easy-to-open accounts reward retirement savers with major tax breaks.