When you are first learning about investment accounts, one of the big questions is... traditional IRA or Roth IRA? Both of these accounts are GREAT places to be saving for your future, but the tax perks are very different!
One of the highlights for the traditional IRA is that contributions are tax deductible.
If you're saving in a Roth IRA on the other hand, your contributions are NOT tax deductible. Watch the video below to learn why this could be a GOOD thing!
Are you getting ready to start investing? If so, congratulations! This is my favorite part of personal finance, and growing wealth for your future can be so empowering!
But to make sure your journey with investing starts on the right foot, make sure you're ready. Both financially, and mentally!
Grab a free copy of my checklist below!
Hi, I'm Alicia, welcome to Friend of Finance! This site is a way for me to share helpful things I've learned from working in the financial industry, important money things that I probably wouldn't have learned otherwise, and things everyone should know about.