Many of the posts on this blog have revolved around the Roth IRA account. With great reason, since it’s one of, if not, the best saving tool created for retirement planning. As good as opening a Roth account is, the Traditional IRA still has its place. To explain some of the rules of the Traditional IRA Account, I have solicited the expertise of JoeTaxpayer who authors the self titled blog. Here’s what Joe had to say….
For all the talk about 401(k) accounts, and Roth IRA conversions, etc, the traditional IRA (individual retirement arrangement) shouldn’t be overlooked. If you are fortunate to work at a company that offers a match on your 401(k) deposits, don’t walk away from that free money. I would suggest, however that for money beyond the match, an IRA may be the better choice.
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