IRAs can reduce liquidity. If not planned out, they can lose money against inflation. And if the stock market crashes and you sell the stocks you have in your IRA, you can't deduct the losses on your income tax return.

A retirement savings account is a type of retirement plan account that is envisioned to replace all three different types of individual retirement accounts that are currently used in the United States: traditional IRA, Roth IRA and Simple IRA. Contributions would be made on an after-tax basis.

An Individual Retirement Account (IRA) is a type of savings account that is designed to help you save for retirement and offers many tax advantages. There are two different types of IRAs: Traditional and Roth IRAs.