Traditional & Roth IRA's

Weighing your Individual Retirement Account (IRA) options?

If you have earned income, you’re eligible to open and contribute to an IRA, even if you have a 401(k) plan through an employer. The IRS does limit the combined total you can contribute to all your accounts in a single year while still getting tax advantages.

The two most common IRA's are Traditional and Roth IRA's. Here’s a quick breakdown of their contribution limits, tax treatments and distribution requirements:
Traditional & Roth IRA Comparison
The experts at Towers Financial Services can help you explore Traditional and Roth IRA's to determine which type is right for your unique financial situation.
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