The biggest benefit of an IRA lies in its tax-deferred earnings growth; the longer the money accumulates tax deferred,the bigger the benefit.

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The primary advantage of an IRA (Individual Retirement Account) is that it allows earnings to grow tax-deferred, meaning taxes on dividends, interest, and capital gains are postponed until withdrawals are made, typically in retirement, allowing the investments to grow at a faster rate over time.

The Biggest Benefit of an IRA Lies in Its Tax-Deferred