Which IRA is right for you?
There are a few things to consider when choosing an IRA that is right for you. First, you must decide whether you want a traditional or Roth IRA. Traditional IRAs offer tax-deferred growth on investments, while Roth IRAs offer tax-free growth.
Second, you need to consider what type of investments you want in your IRA. You can choose from various investment options, including stocks, bonds, and mutual funds. Lastly, you need to consider how much you want to contribute to your IRA. The IRS has contribution limits for traditional and Roth IRAs, so you’ll need to ensure you stay within those limits.