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Different IRA options

Posted on 6/24/17 at 9:15 am
Posted by ourkansastigah
behind enemy lines
Member since Feb 2015
342 posts
Posted on 6/24/17 at 9:15 am
Short and sweet....what are different types and pros and cons
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
27072 posts
Posted on 6/24/17 at 9:59 am to
That's... broad.

Have you skimmed the sticky at the top of this board?
Posted by SLafourche07
Member since Feb 2008
9928 posts
Posted on 6/24/17 at 10:20 am to
Roth- money you put in is post tax. The money you take out is tax free because you paid taxes when you put it in.


Traditional- opposite of Roth
Posted by Jag_Warrior
Virginia
Member since May 2015
4106 posts
Posted on 6/24/17 at 4:21 pm to
What is your current income? How old are you? How many years do you have until retirement? What other types of retirement accounts or pensions do you have? What percentage of your retirement income would be coming from each of those sources?

As for pros and cons, those are some of the questions that would form the basis of what is a pro and what is a con.
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