Business Sense: A tale of two IRAs — tradtional or Roth?
Business Sense: A tale of two IRAs — tradtional or Roth?: Many people find retirement planning to be complicated and confusing. There are so many options to consider! Add taxes into the mix, and you could really do yourself a disservice by making the wrong decision. An area where a number of our clients need clarity involves investing in an IRA. But what kind of IRA? Traditional, or Roth? Both have a number of similarities: you have to qualify to invest, penalties might occur if you take money out too soon, and there is a maximum that you can contribute every year. But there are some differences that really are significant