In pursuit of your retirement dreams, you might decide to incorporate an IRA into your personal savings strategy. Within the world of IRAs, there are several different models to choose from, and making a decision can be overwhelming if you don’t know what to look for.
That’s why we created a visual breakdown of the major differences between two popular IRAs: Traditional IRAs and Roth IRAs. The following infographic dives into the most important considerations when choosing each type of plan such as tax benefits, fees and withdrawal penalties. Determining which type of plan is best for you may depend on your age, savings accumulation, etc., but as we always say here at Ubiquity, the most important thing is that you’re saving in the first place!