The individual retirement account (IRA) was first introduced in 1974, and there are now two general types of IRA accounts: traditional IRAs and the Roth IRA account. In addition, there are also two employer-sponsored retirement plans that involve setting up IRA accounts for each of the eligible employees: the simplified employee pension (SEP-IRA) plan, and the SIMPLE IRA plan. We will cover all of these various types of IRA accounts in this module.
Kristen MacKenzie, MBA, CFP®, CRPC® is an associate professor at the College for Financial Planning. Kristen has over 20 years of experience in the financial services industry, both as an active financial planner and as a provider of financial education. She graduated from the University of Connecticut with a degree in economics and later received her MBA at the University of Colorado. You can contact Kristen at firstname.lastname@example.org.