By now you’ve probably heard that you should contribute to an IRA, or Individual retirement account. But which should you choose — the Roth IRA or the Traditional IRA?
Many modern financial gurus blindly recommend the Roth, but this may not be the best for everybody.
The fact is that there is no one-size-fits-all answer when it comes to deciding whether to contribute to a Traditional IRA or a Roth IRA.
Apart from receiving personalized financial advice, the best thing you can do is educate yourself on the similarities and differences so you can make an informed decision.
Whichever you choose — Roth, Traditional, or both (yes, that’s a possibility) — make your choice and your contribution for 2019 by April 15, 2020, or you’ll be missing out!
IRA Contribution Limits:
Backdoor Roth IRA Strategy:
How to Set Up a Backdoor Roth IRA at Vanguard:
Best Cash Back Credit Cards: …(read more)
LEARN MORE ABOUT: IRA Accounts
INVESTING IN A GOLD IRA: Gold IRA Account
INVESTING IN A SILVER IRA: Silver IRA Account
REVEALED: Best Gold Backed IRA
How many accounts are 401k, Roth and traditional?
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