Choosing a Roth IRA

One of the most-discussed ways of saving for retirement is through an Individual Retirement Arrangement or “IRA.” An IRA is a tax-advantaged retirement plan set up and managed by an individual (unless a financial advisor is hired to manage the investment). If and when you decide that an IRA is right for you, an important question looms- should you choose a Traditional IRA or a Roth IRA? One thing that is certain though is that regardless of whether you choose a Roth or Traditional IRA, the assets you contribute to the IRA will grow tax free. Therefore, the ultimate consideration in deciding whether to choose a Traditional or Roth IRA generally becomes whether you would rather pay tax now or later...

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About Jesse Coyle

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Mr. Jesse T. Coyle is a licensed attorney in both North Carolina and Illinois, as well as a Certified Financial Planner™. Jesse has dedicated his career to helping all families navigate the complicated waters of estate planning and probate matters. Jesse and the members of Carolina Tax, Trusts & Estates are available for your call and would be pleased to assist you.

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