Our question today is being provided by Coach Greg at GregPare.com. This question involves a pretty popular topic these days. Everyone’s talking Traditional IRA’s and Roth IRA’s and whether you should convert or not. Do you really know what they’re talking about though?
Question: What is the biggest difference between a Traditional IRA and a ROTH IRA?
A) The type of investments within the IRA
B) The Governments treatment of taxes
C) Dependent upon where you open the IRA (Bank, Brokerage, etc…)
So what do you think the difference is? Bonus points if you also explain what an IRA is in the first place!