What is a Roth IRA? Back to Basics

Planning for your retirement is an important part of maintaining your financial health. An individual retirement account or IRA represents one of several resources at your disposal. Depending on your individual circumstances, a Roth IRA may represent a smart addition or substitute for a traditional IRA. Roth Versus Traditional IRA One of the biggest distinctions […]

Yes, it is possible to have both a Roth IRA and a traditional IRA. In fact, if you qualify, you should have one of each. Why? Two words: tax diversification. If you do choose to open two IRA accounts, you will have to consider the the IRS’s maximum annual contribution, which applies to both Roth […]