Both kinds of IRAs are geared to help you get to the golden years. Each has tax advantages, rules, and limits to consider before you invest. Check it out:
Bottom line: there’s no one right way to invest for retirement. In the end, you might have both kinds of IRAs in your retirement toolbox.
IRA rules can be confusing. Engage a qualified income tax professional to help you make sure you’re setting them up correctly or read IRS Publications 590-A and 590-B for information that can help.