If you are trying to decide what
type of retirement accounts open, the Roth IRA has some specific advantages that -LSB-...]
If you are trying to decide what
type of retirement accounts open, the Roth IRA has some specific advantages that you need to be aware of.
Not exact matches
When you
open an investing
account with your broker, unless it's an IRA or some other
type of retirement account, you'll usually be offered the opportunity to apply for a margin
account.
Traditional and Roth IRAs are the most common secondary
types of retirement accounts, although you'll want to be sure you understand the ins and outs
of each before
opening and investing in either to make sure you don't get penalized.
When planning to
open an IRA, it should be known that there are two
types of retirement accounts available to consumers.
If you are interested in getting a tax - advantaged start on
retirement by
opening an
account, you should know some basics to help you compare IRA plans.The most common
types of IRAs are traditional, Roth, and SEP IRAs.
Regardless
of the
type of institution with which you
open your
retirement account and what kind
of account you choose (there are in fact 11
types of tax - advantaged
accounts; the most common being traditional and Roth IRAs), you should ask how they charge fees and commissions at the outset; the exact charges will vary based on the volume
of your transactions or on the size
of your assets under management.