IRA season is in full swing.  For the next couple of months you will be inundated with ads telling you why you should contribute to an IRA for the 2014 tax year and why you should do it with the advertiser.

You’ll see and hear terms like Traditional IRA, Roth IRA, SEP-IRA and SIMPLE IRA.  If you are not familiar with them, these various types of IRA accounts can get confusing.

IRA Contribution Guide for Tax Year 2014

IRA Contribution infograhic

Infographic source: The Chicago Financial Planner