Smart investors can spend much time debating on a tough question - traditional IRA vs Roth IRA. Here are some Pros and Cons.
Pros:
- The traditional IRA allows you to contribute if you have any earned income and it is not taxed
- You can contribute to your Roth IRA account past the age of seventy and one half years
Cons:
- Contributing into a Roth IRA are obvious contribution limits
- For a Traditionsl IRA - mandatory withdrawals must begin once you reach the age of 70 ½
In the traditional IRA vs Roth IRA discussion it is important that you understand all of the benefits and drawbacks that each plan has.
Read more about Retirement Planning on our site - www.investmentadvisortips.com
- The traditional IRA allows you to contribute if you have any earned income and it is not taxed
- You can contribute to your Roth IRA account past the age of seventy and one half years
Cons:
- Contributing into a Roth IRA are obvious contribution limits
- For a Traditionsl IRA - mandatory withdrawals must begin once you reach the age of 70 ½
In the traditional IRA vs Roth IRA discussion it is important that you understand all of the benefits and drawbacks that each plan has.
Read more about Retirement Planning on our site - www.investmentadvisortips.com
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