Part 1/7:
Understanding IRAs: Traditional vs. Roth
When it comes to planning for retirement, one of the most important tools available is the Individual Retirement Account, or IRA. To optimize financial growth and tax efficiency, understanding the various types of IRAs is crucial. In this article, we will delve into the main types of IRAs: the Traditional IRA and the Roth IRA, detailing their key differences and considerations for choosing the right one for your retirement savings.