Monthly Archives May 2019

What’s the difference between an IRA and a Roth IRA?

Common financial wisdom tells us that as a paid member of the American workforce, you should contribute the maximum to your 401(k), 403(b), 457(b) or similar retirement plan, especially if your organization matches a percentage of your contributions. But not every company has one of these plans. As an individual taxpayer with earned income, you have other options available to you in order to save for retirement, including the IRA or “Individual Retirement Account.”   An IRA is a type of account which acts as a shell or holder. Within the IRA, you can invest in many different types of
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Categories: Financial Literacy and Retirement.