IRAs (Individual Retirement Accounts) are one of the best tools for retirement savings — but they're also widely misunderstood. This post breaks down the two main types (Traditional and Roth), who can contribute, how much you can save, and how the IRS taxes each. You'll also get a peek at advanced options like SEP and SIMPLE IRAs for the self-employed. Consider this your friendly, no-jargon IRA starter guide.