Deciding whether to choose a Roth IRA or a Traditional IRA is an important decision and can have major financial consequences. Both options, however, are excellent ways to save for retirement. Let’s look as some of the biggest differences between the two. You can always contact us so that we can refer you to a financial planner for these decisions. Give us a call at (805)946-1550 if you would like some advice.
For many individuals and couples, the Roth IRA is the better choice, thanks to its tax-free distributions and greater flexibility. As noted above, however, not everyone is eligible to open a Roth IRA. And of course, every person’s situation is unique. We invite you to contact us at (805)946-1550 to discuss your concerns and goals before making this important decision.