If you don’t have an individual retirement account (IRA), get one. They provide a great option for accumulating retirement savings on a tax-deferred basis. And with a Roth IRA, you won’t have to pay taxes on any of your gains along the way.
But how should you invest the money you put into an IRA? For retirement accounts, it’s important to choose a variety of stocks that are well positioned for success over the long haul. Here are three key reasons why I think AbbVie (NYSE:ABBV) is the top stock you should consider adding to your IRA.
