You probably know that an IRA account can help you save for retirement. But you might not appreciate just how powerfully it can do so. Consider, for example, that one of Warren Buffett's investing lieutenants, Ted Weschler, managed to grow his IRA from a value of $70,000 to $264 million! Yes, that's amazing and most of us probably can't achieve the same result.

But even if you get to 1% of Weschler's $264 million, that's a very substantial $2.64 million -- more than what many people need to retire with. Here are 10tips that can help you become an IRA millionaire -- or at least amass meaningful wealth.

Image source: Getty Images.

Continue reading


Source Fool.com