Individual retirement accounts, better known as IRAs, allow your money to grow tax-free and can be a huge benefit to your retirement assets. If you haven’t yet established an IRA for yourself, contact a financial advisor immediately to learn how to get started. retirement planning advisor Rob De Lessio of Strategic Wealth Designers discussed the difference between a Roth IRA and a traditional IRA. See more financial news at “Of course having an IRA is a smart investment for your retirement,” says De Lessio. “But people need to be careful with making the following mistakes. One, don’t put all your funds into just an IRA or just a Roth IRA, especially if you don’t know what your tax bracket will be in retirement. Split the difference. Two, don’t withhold contributions because you think you’ll have no access to that money now. Roth IRA contributions are liquid and can be withdrawn at any time without taxes or penalties. And third, don’t look at your IRA as mad money. It’s no
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