Many people are considering ways to save for retirement around this time of year. If you are self employed or do not have a retirement option at your current job, an IRA is a simple way to start saving for retirement. The next question is to determine whether you should select a Traditional vs Roth IRA.
In this video I will explain the main differences and areas that I would be considering when choosing each type.
If you are looking for even further detail on this topic – check out this site that will lay out specifics including income limitations and contributions maximums – https://www.rothira.com/traditional-ira-vs-roth-ira