What a way to have my first post in the College forum!
My dad and I are looking to open an IRA, retirement savings account, and were wondering which type do ya'll have? A Traditional IRA (heavy penalty when taking money out before due, but money put in is tax-deductible) or a Roth IRA (no penalty when taking money out before due, but money put in is not tax-deductible)?
And why do you have it?
G-d bless,
sc
My dad and I are looking to open an IRA, retirement savings account, and were wondering which type do ya'll have? A Traditional IRA (heavy penalty when taking money out before due, but money put in is tax-deductible) or a Roth IRA (no penalty when taking money out before due, but money put in is not tax-deductible)?
And why do you have it?
G-d bless,
sc