IRA stands for Individual Retirement Account, and refers to money that you put away for retirement, on which you get a tax break. It’s different from a 401K in part because you only get to put money in a 401K if your employer offers you this option. I’m putting money in my IRA, so that I can have enough money to live on when I retire.
- Student Essay: Saving for Retirement: 'Time Is on Our Side'
- Your Money and the 40-hour WorkweekHigh school students everywhere are donning their caps and gowns this week and next to gather their diplomas and enter the next phase of life. In the fall, many will head to higher education. Still others will go straight into the workforce. For those students entering full-time employment -- possibly for the first time -- KWHS has compiled a primer to help you navigate the financial decisions that come with a 40-hour (or more) workweek.