Individual Retirement Accounts (IRAs) provide an opportunity for individuals to save for retirement and enjoy tax benefits on their contributions. However, deciding between a Roth IRA and a Traditional IRA can be challenging. Both types of accounts have advantages and disadvantages; the best choice for an individual will depend on their circumstances and financial goals.
Tag: tax deferred
Tax Diversification: How to Retain More Money in Retirement
No one likes paying taxes, especially after retirement, when you are not earning a paycheck. It is, however, possible to reduce your payment to Uncle Sam, and the following actions might help reduce your future tax burden.