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traditional ira vs roth ira…

by Sally
(LA)

I quit my job few days ago and I have some money in my 401k account. I want to open an IRA account to transfer my 401k money. And which IRA should I choose? Roth IRA or traditional IRA? I’m below 25...

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traditional ira vs roth ira…

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by: Ed

A Roth IRA is best for young investors because they may not earn enough to plan to reduce tax. When you save money in a Roth account, it grows tax-free and you may not pay any tax when you take money out of it. However, with a traditional IRA, you can save some tax now but you will have to pay tax on what you withdraw.

Reference: Roth vs Traditional

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