IRAs are a perfect tool to help ensure a worry-free retirement.
If you don't know which IRA account is right for you, follow these general rules of thumb:
- Choose a Roth IRA if you don't need the tax break right now. It's a more flexible investment because:
- You can withdraw regular contributions at any time, tax-free and penalty-free.
- You do not have to take mandatory distributions at age 70 1/2.
- Choose a Traditional IRA, and you may be eligible for a tax deduction right now. It also makes sense if you anticipate paying taxes at a significantly lower rate in retirement.
Check with your tax professional to determine which type of IRA account is the best option for you.
For complete details, check out the links below to find the right IRA for you.
For more information, please call or text TrueCore at 740-345-6608.