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When it comes to retirement savings, two of the most popular options are Roth IRA and Traditional IRA. Both offer tax advantages, but they differ in when you pay taxes on your contributions. Roth IRA: Contributions to a Roth IRA are made with after-tax dollars, meaning you pay taxes on them now rather than when you withdraw them in retirement. The benefit of this is that any future earnings are tax-free, so you can keep more of your money. You can also withdraw your contributions (but not the earnings) at any time without penalty. Traditional IRA: Contributions to a Traditional IRA are made with pre-tax dollars, meaning you don’t pay t
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