Roth IRA vs. Traditional IRA: Which Is the Better Choice for You?

by | Sep 13, 2022 | Traditional IRA

Roth IRA vs. Traditional IRA: Which Is the Better Choice for You?




An Individual retirement account (IRA) could help you build your nest egg; it’s a tax-advantaged investment account designed for long-term savings. If you’re debating between a Roth IRA vs. traditional IRA, the two most common types, you’ll want to consider the pros and cons of each. Both offer tax benefits, but they differ in important ways, including the timing of those tax benefits, accessibility of funds, and income limits.

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⏳TIMESTAMPS⏳
00:00 – What is an IRA?
00:16 – Traditional IRA vs Roth IRA
01:06 – Can you have a traditional and Roth IRA?
02:02 – Which type of IRA is better?

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See also  Starting a savings account & Traditional IRA vs. Roth IRA

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