{"id":2662,"date":"2026-10-13T12:00:00","date_gmt":"2026-10-13T12:00:00","guid":{"rendered":"https:\/\/www.neashaminsuranceagency.com\/blog\/?p=2662"},"modified":"2026-10-13T12:00:00","modified_gmt":"2026-10-13T12:00:00","slug":"what-is-an-ira-types-and-how-they-work","status":"publish","type":"post","link":"https:\/\/www.neashaminsuranceagency.com\/blog\/2026\/10\/13\/what-is-an-ira-types-and-how-they-work\/","title":{"rendered":"What Is an IRA? Types and How They Work"},"content":{"rendered":"<div class=\"roomvu-news-container\">\n<p>As someone who\u2019s spent over 30 years guiding clients through their retirement options at Neasham Insurance Agency, I know how important it is to understand IRAs\u2014those tax-advantaged retirement accounts that can really shape your financial future. With traditional IRAs, your contributions may be tax-deductible, while Roth IRAs offer the benefit of tax-free growth down the road. For 2025, you can contribute up to $7,000, or $8,000 if you\u2019re age 50 or older. Just remember, taking money out early can mean taxes and penalties. It\u2019s all about choosing the right path for your long-term goals.<\/p>\n<p>\t<a class=\"roomvu-news-continue\" href=\"https:\/\/www.bankrate.com\/investing\/what-is-an-ira\/\"><\/p>\n<div>Continue to full article<\/div>\n<p>\t<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As someone who\u2019s spent over 30 years guiding clients through their retirement options at Neasham Insurance Agency, I know how important it is to understand IRAs\u2014those tax-advantaged retirement accounts that can really shape your financial future. With traditional IRAs, your contributions may be tax-deductible, while Roth IRAs offer the benefit of tax-free growth down the [&hellip;]<\/p>\n","protected":false},"author":288,"featured_media":2663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/posts\/2662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/users\/288"}],"replies":[{"embeddable":true,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/comments?post=2662"}],"version-history":[{"count":1,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/posts\/2662\/revisions"}],"predecessor-version":[{"id":2752,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/posts\/2662\/revisions\/2752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/media\/2663"}],"wp:attachment":[{"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/media?parent=2662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/categories?post=2662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/tags?post=2662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}