What is an IRA? Roth or Traditional: Which is Better

roth or traditional

An Individual Retirement Account, or IRA, is an account that payments are made into bi-monthly or monthly, earnings such as interest, dividends or capital gains are accumulated, investments can be made with it through a self-directed IRA, and it is meant to supplement income after a person is retired. The account, depending on the type, whether Roth or Traditional, can be tax-free or tax-deferred.
If you’re new to the retirement planning world, and all of this new information is confusing, hang tight, we’ve got you covered.

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What is an IRA - Infographic