What is the diffrence between an IRA and a pension fund?

I guess a pension is from a company and an IRA is what you put into it its yours in your name, But basically they get the same results but IRA is bnetter because if the Company goes bankrupt so does your pension

An IRA is an individual retirement account owned by an individual. The owner of the account has sole responsibility for the investment choices and is the owner of all of the assents of the account when they reach retirement age.

A pension fund is owned by a company and is used to pay employees who have reached retirement age and are entitled to funds that the company agreed to pay under a corporate sponsored pension program.

As a side note, I wouldn't count on collecting money from a pension plan. Just look at what happened to all of those ex Enron employees. Further, even if your company does not decimate the pension plan they will probably force you into "early retirement" before they are obligated to pay you anything.

Generally you can withdraw from certain IRAs without penalties for certain things like your first home and secondary education