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Traditional vs ROTH IRA

August 23, 2021

Many people have heard of IRA accounts but few know what they actually are and what they do. 

There are two types of IRAs: Traditional and ROTH. 

Both accounts allow an individual to save for retirement but each has their own perks and limitations. 

The following is a breakdown of the key differences between a Traditional IRA and a ROTH IRA.

It is important to speak with a financial advisor about your specific situation to get the best advice for you.