Which is better Traditional or Roth IRA?
Investing with a Traditional or Roth IRA gives you the opportunity for tax diversification and more flexibility in retirement. There are many factors to consider when comparing Roth and Traditional IRAs, including your current tax bracket and your expected tax bracket in retirement. You also need to consider current income, Roth or Traditional IRA eligibility, contribution limits and required minimum withdrawal requirements. Tax free Traditional IRA contributions phase out at lower income levels than Roth IRAs, so you may consider a Roth if you cannot receive the tax deductions from a Traditional IRA. There are also minimum withdrawal requirements for Traditional IRAs, while Roth IRAs do not have a required minimum distribution. Opening an IRA. Here is more information about what to look for when opening an IRA, and where to open an IRA. Which is better? Many financial experts recommend Roth IRAs if you are eligible because they offer tax free withdrawals and other benefits such as hig
