Keeping your retirement goals top of mind is key to keeping your strategy on track, regardless of your age.
Roth vs. Traditional IRA: Your Choice
Roth IRA or Traditional IRA? That is the question facing many people as they decide how they’re going to save for retirement. In some cases, there is no choice: Certain rules can prevent you from using one of these account types or the other. And in some cases, individuals can contribute to both.
Bottom line, what’s right for you and what’s available depends on a series of eligibility issues and your own personal savings preferences. The frequently asked questions below might help you narrow the choices.
What IRA type are you likely to use in 2017?
Next Step: Check our IRA calculator to determine what type might be right for you.
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Before making any rollover decisions, investors should research and consider all available retirement options carefully. Your decision should reflect consideration of various factors, including the benefits and penalties involved. Some of these factors include, but are not limited to, investment or account-related fees and expenses, differing levels of service available, withdrawal penalties, creditors and legal protections, required minimum distributions, and factors related to owning employer stock. The importance of these factors will vary depending on your individual needs and circumstances. Tax consequences may vary depending on state law and your individual situation. Scottrade does not provide tax advice. Please consult your tax or legal advisor for questions concerning your personal tax or financial situation.
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