Episode 12 - Traditional IRA vs Roth IRA My Blog: Connect with me here: ... ( read more )
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Traditional IRA vs Roth IRA: Understanding the Differences When it comes to planning for retirement, individual retirement accounts (IRAs) have become increasingly popular among Americans. Two common types of IRAs are the Traditional IRA and the Roth IRA. Both offer potential tax advantages and are designed to help individuals save for their golden years. However, understanding the differences between the two is crucial in making informed decisions about which type of IRA best suits one's financial goals. Firstly, let's explore the Traditional IRA. With a Traditional IRA, contributions can be tax-deductible, meaning one can reduce their taxable income by contributing to the account. This could poten
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)