A simple explanation of the differences between a traditional and ROTH IRA!

Would you rather pay taxes on the seeds you plant or the future harvest they grow into? This is the difference between a traditional and ROTH IRA! In a traditional IRA, you pay taxes when you withdraw the money; with a ROTH, you pay taxes now, and the contribution grows tax-free. Both IRAs have benefits, and their place in your portfolio depends entirely on your situation! If you'd like to learn more about converting your traditional IRA to a ROTH or which account would be best for you, call our office!