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traditional ira or roth ira

Which is Better For You: Traditional IRA or Roth IRA?

November 26, 2015

According to the Government Accountability Office (GAO), the median amount of retirement savings is about $104,000 for households with members between 55 and 64 years old, and $148,000 for households with members 65 to 74 years old. To increase savings for retirement, taxpayers can use tax-saving retirement plans such as IRAs, Roth IRAs, and 401(k). However, saving early and saving more are the keys to having a satisfactory income after retirement. Roth IRS vs. Traditional IRA Some ...

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