human
I need to learn about the different types of IRAs.
assistant
There are three main types of Individual Retirement Accounts (IRAs): Traditional, Roth, and SEP IRA. A Traditional IRA is funded with pre-tax money and offers tax advantages when withdrawing funds in retirement. The Roth IRA is funded with after-tax money and offers no tax benefits when withdrawals are taken during retirement. The Simplified Employee Pension (SEP) IRA is a type of employer-sponsored retirement plan that allows small businesses to provide employees with an opportunity to save for retirement.