5 IRA Rules You Should Know by Heart

Tax-favored retirement accounts are an essential component of a smart retirement savings strategy, and IRAs are the most flexible of the options you have to shelter your retirement nest egg from the wrath of the Internal Revenue Service. Yet even though most people know that IRAs can help you save for retirement, the rules that govern IRAs are complicated enough that it's not always easy to understand even the most basic elements of using them as part of your financial planning.