Here's a Simple Solution to Help You Choose Between a Roth and Traditional IRA
Retirement is a phase in life that many people look forward to throughout their careers. It's a time to leave the world of work (if you so choose) and dedicate your time to doing exactly what you want. Regardless of how your ideal retirement looks, it's safe to say that a lot will depend on how well you financially prepare leading up to it.
Part of that preparation is not just saving money but putting it to work for you so it grows over time. A smart approach is to take advantage of retirement accounts, which allow you to save and invest for retirement while simultaneously getting tax breaks -- a win-win.
Two popular retirement account options are traditional IRAs and Roth IRAs, which come with their own distinct sets of benefits and rules. Although they share similarities, there are differences between the two that make them better suited to different people. Here's a simple way to choose between the two.
Source Fool.com
