The Difference Between a Roth IRA and a 401(k)

When planning for retirement, understanding the distinctions between a Roth IRA and a 401(k) is essential. Both offer significant tax advantages and can help you grow your savings over time, but they operate differently and come with unique benefits and restrictions. Choosing the right account—or a combination of both—depends on your income, tax situation, and […]

What is a Traditional IRA?

A Traditional IRA (Individual Retirement Account) is a retirement savings account that allows individuals to set aside money for retirement in a tax-advantaged manner. It is one of the most popular retirement accounts in the United States, offering significant benefits for long-term savings and tax deferral. The Traditional IRA is designed to encourage individuals to […]