Whether you are self-employed, or whether you work for “the man”, an IRA can be one way to increase your retirement nest egg. When you go to set up an IRA, though, you will need to decide whether you want a traditional IRA, or whether you want to go with a Roth. You will need to consider your options, and think about the pros and cons of each type of IRA. Below, this helpful infographic from CreditLoan.com offers a look at the key differences between the traditional IRA and the Roth IRA, answers common questions about IRAs, and provides a helpful flow chart that can help you determine which course of action is likely to be best for you: [CLICK IMAGE FOR LARGER VIEW]
[…]
