An Individual Retirement Account (IRA) is nothing more than a savings plan with a government regulation wrapped around it. Once an IRA is established, any activity related to that account is subject to government rules and regulations. By the way, those rules and regulations can change.
What can also change is the tax rate you are subject to and must pay when you pull the money out.
Sometimes an IRA can be a good fit, sometimes not.
Alternative plans do exist for many individuals and business owners.
Isn't it about time you compare financial ideas with me?