Before going dizzy over IRAs, Roth IRAs, Traditional IRAs and others. Let us first slow down and really know the basics. IRAs or individual retirement accounts have become largely popular as a vehicle of saving up for the future. IRAs provide great benefits for workers. They are to set aside a part of their monthly income into this account. Using the part of their annual income, these can be invested on stocks, mutual funds and others. The earnings from such investments are tax deferred until withdrawal starts at age 59.5. The accumulation of these earnings can give great benefits … Read more at 2009 Tax.