I’m so glad that you’re back for more learning and adventure. Yesterday we talked about Roth IRAs, but now it’s time to go a bit deeper into the discussion.
Similar to a Roth IRA, it’s an account one can use for investing for retirement. But Traditional IRAs have some different key features that we should talk about a bit more.
The most significant differences are the mandatory withdrawals from a Traditional IRA by age seventy and a half, and the income dependent tax situation.
This brief information is just the tip of the iceberg, but it’s good to start thinking about if you haven’t yet given much thought to your long-term investment plans.
Now that we’ve looked at Roth and Traditional IRAs, there are a few more types of IRAs to explore.
Stay tuned for more!
Until next time,