Understanding the
Difference Between a
Roth IRA and a Traditional IRA

A Roth IRA is very similar to a traditional IRA in that both can be contributed to by minors and a non-working spouse, and both have similar contribution limits. The main difference between a Roth IRA and a traditional IRA is when the contribution will be taxed.

With a traditional IRA, the money you contribute is not taxed until you withdraw it. With a Roth IRA, contributions are taxed when you deposit. A Roth IRA can be beneficial if you suspect that your tax liability percentage may be higher when you retire than what it is now.

Call now to learn what options are available with your IRA!