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Those who avoid IRAs don't understand them

IRAs are not popular with many people, thanks to a lack of knowledge combined with a lack of money.

By Marlene Y. Satter | Updated on March 14, 2017
Forty-four percent of those surveyed say they don’t know about the tax benefits of IRAs or don’t understand them. (Photo: Bigstock)

It could help relieve at least a little pressure on the retirement crisis, but the IRA just isn’t the thing for most people. And lots of them stay away from them because they just don’t know enough.

Related: How inequality is affecting the looming retirement crisis

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