Traditional IRA or Roth IRA? Choosing the Right Retirement Savings Vehicle

Recognizing that saving for retirement is a must for anyone who wants to control their own financial destiny and avoid running out of money later in life, Uncle Sam offers a variety of tax incentives to encourage people to set money aside in a range of investment vehicles, individual retirement accounts (IRAs) being among the most popular.

The challenge for investors is deciding to which type of IRA to contribute. Are they better off putting money in a traditional IRA, a Roth IRA, or both? The answer to that question is, “It depends.”

Read More