If the complexity of the Roth vs. traditional IRA decision is preventing you from opening an account, just know that simply ...

Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like ...

The Roth IRA — a popular retirement account — is similar to a traditional IRA in that you can regularly contribute to the account and watch your investments grow so you have a nest egg to tap ...

Both individual retirement account (IRA) types — traditional and Roth — offer valuable retirement-planning benefits, but with different structures, income limits, and pros and cons ...

Thirty-one percent of households owned IRAs in 2022, according to a report from the Congressional Research Service. Among IRA ...

The main difference is when you pay income taxes on the money you put in the plans. With a traditional IRA, you pay the taxes on the back end - that is, when you withdraw the money in retirement.

Although saving and investing for retirement looks different for everyone, the end goal is typically the same for most people ...

A Roth IRA and traditional IRA both have the same goal: to help you save for retirement and ensure you don’t spend your golden years struggling to make ends meet. The key difference between a ...

Opening a traditional IRA is a fairly straightforward process involving only a few steps. Here's what you need to know to ...

From contributions to conversions to distributions, don’t fall into these traps when managing your IRA. Waiting until the 11th hour to contribute Investors have until their tax-filing deadline ...

A mega backdoor Roth IRA allows high earners to exceed standard Roth contribution limits. Contributions hinge on maxing out 401(k) and potentially nondeductible IRA contributions. For optimal tax ...