One of the investing tools that is rising in popularity right now is the Individual Retirement Account (IRA). The Roth IRA has received a fair bit of attention lately, but the traditional IRA is also in high demand. This is because an IRA can be opened by anyone with earned income. This means that you don’t need to go through your work to set up a retirement account. You can do it on your own, and hold various investments of your choice in it.