Investors love IRAs, and understandably so. Lowering your current tax bills and postponing taxes on gains made within a retirement account means you've got more money to put to work right now. That means a bigger nest egg later. It's a no-brainer.

However, a traditional IRA isn't necessarily your best choice in comparison to a Roth IRA or a work-based retirement account like a 401(k). Here's a closer look at four reasons you might not want to fund a traditional IRA and instead consider a different retirement savings option.

If you're lucky enough to know you won't need the money you'd be tucking away in a traditional retirement account -- nor its tax-sheltered growth -- you may not want to bother putting it in such an account in the first place. That's because the Internal Revenue Service will eventually make you take it out of the account anyway.

Continue reading

Source Fool.com