Which is best: a traditional IRA or a Roth IRA?

Answer On One Hand: Traditional IRAs Are Tax-Sheltered MoneyA traditional IRA uses pre-tax, or tax-sheltered money. This means that before taxes are taken out of your paycheck, money is put into your reti... Read More »

Top Q&A For: Which is best: a traditional IRA or a Roth IRA

Traditional Vs. Roth Vs. SEP IRA?

Individual Retirement Accounts are savings accounts for you to use during your retirement. Three of the most common IRAs are Traditional, Roth and SEP, each with varying benefits for you and your d... Read More »

Can I recharacterize a traditional IRA as a Roth IRA?

On One Hand: You Can Roll Over a Traditional IRA to a Roth IRAYou could take out money from your traditional IRA and put it into a Roth IRA but not without incurring tax penalties. Traditional IRAs... Read More »

How do I contribute to a Roth& a traditional IRA?

Aggregate ContributionDetermine your aggregate contribution limits. The IRS does not limit how many IRAs you contribute to within the same tax year, but you cannot exceed an aggregate value of $5... Read More »

The Decision for a Traditional IRA Vs. a Roth IRA?

Opening an individual retirement account, or IRA, can be a smart way to save for your retirement. When you open an account, you have a choice of a traditional IRA, which provides a tax break up fro... Read More »