roth ira

Is it right for you? 

The COVID-19 pandemic has shaken up nearly every aspect of American life. To say it’s been a difficult time would be an understatement. 

However, difficult times may open doors to new possibilities. Businesses are changing their ways of operating, and individuals are exploring new avenues for investment. It may be time for you to consider some opportunities, as well.

Bill Roth was a Senator from Delaware.  He realized in the late 1990s that savings rates were too low in the U.S. and he endeavored to find a solution. Enter the Roth IRA. Contributions to a Roth IRA won’t re­duce your tax bill now because, while pret­ax salary goes into a Traditional IRA, after-tax money funds the Roth.

Many people are familiar with 401(k)s, but IRAs are another popular retirement savings vehicle and they come in several varieties.