Difference Between IRA & Roth Accounts

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Difference Between IRA & Roth Accounts – This is a place for the community to provide tips and advice on Difference Between IRA & Roth Accounts. This topic was created by Joseph De Siena and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - What is an IRA?

Published: 9 years, 4 month(s) ago | Submitted by Valerie Bunting | permalink

IRA stands for Individual Retirement Account. It's basically a savings account with big tax breaks, making it an ideal way to sock away cash for your retirement.
Tags: IRA, individual retirement accounts, traditional, Roth, SEP, SIMPLE, tax breaks, IRAs, roth IRA, retirement, savings, personal finance, CNNMoney, Money Magazine, how to retire, investment

For further reading: http://money.cnn.com/retirement/guide/IRA_Basics.moneymag/index2.htm ^[1]

Tip 2 - Choosing Between Roth and Traditional IRAs - Betterment

Published: 9 years, 4 month(s) ago | Submitted by Ed Helvey | permalink

Pay your income taxes now or later? You'll have to decide what strategy works for you. At Betterment, we offer both types of accounts. Our specialists can help.

For further reading: https://www.betterment.com/resources/retirement/401ks-and-iras/choosing-between-traditional-and-roth-iras/ ^[2]

Tip 3 - Retirement Basics: IRA or 401(k)?

Published: 9 years, 4 month(s) ago | Submitted by Frank Gunther | permalink

Compare your retirement savings options to find the best plan for you.
Tags: investing,mutual funds,Reboot Finances: Started,FundsBucket-Investing,401(k)s,IRAs,retirement,Scott Holsopple

For further reading: http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2013/02/06/retirement-basics-ira-or-401k ^[3]

Tip 4 - IRA Comparison - Roth vs Traditional IRA - Fidelity

Published: 9 years, 4 month(s) ago | Submitted by Julien Fayard | permalink

The differences between Roth IRAs and Traditional IRAs. The Fidelity IRA Comparison Chart makes it easy to decide which option may be right for you.
Tags: ira comparison, compare iras, roth vs traditional, traditional vs roth, ira, iras, roth vs traditional ira

For further reading: https://www.fidelity.com/retirement-ira/ira-comparison ^[4]