There is a traditional IRA and a Roth ira. Not sure what the big difference is between the two? I would call up my local investment banker or private investment person to ask.
There are 5 different types of IRAs for you to choose from. They are: traditional IRA, Education IRA, Roth IRA, Simple IRA, and SEP IRA which means Simplified Employee Pension.
Banks offer a variety of accounts including: checking, savings, mutual funds, IRAs, CDs, etc. Different banks offer different interest rates and promotions for these different types of accounts.
There are two main types of Roth IRAs available for individuals to invest in: the traditional Roth IRA and the Roth IRA for retirement savings. Both types offer tax-free growth on investments, but the retirement savings Roth IRA has additional benefits for saving specifically for retirement.
There are five types of IRAs (Traditional, Educational, Simplified Employee Pension, Simple, and Roth) and they are each very different from one another largely based on how much to contribute and taxes applied. Roth IRAs do not have taxes applied to them. http://www.ira.com/faq/faq-03.htm
There are many different types of traditional IRAs. The best one, in my opinion, would be the master's IRA. This one takes the longest to get, so it is the best one.
An Individual Retirement Account is an investment tool used by individuals to earn and earmark funds for retirement savings. There are several types of IRAs: Traditional IRAs, Roth IRAs, SIMPLE IRAs and SEP IRAs. Traditional and Roth IRAs are established by individual taxpayers, who are allowed to contribute 100% of compensation (self-employment income for sole proprietors and partners) up to a set maximum dollar amount. On the other hand, SEPs and SIMPLEs are retirement plans established by employers. Individual participant contributions are made to SEP IRAs and SIMPLE IRAs.
The most popular types of retirement plans are Roth IRAs, Spousal IRAs that can be opened by a non-working spouse, Regular IRAs, 401(k)s from the employee, or saving money in a personal bank account. Most people used to just count of retiring with Social Security, but that money is disappearing fast and we will most likely not have it available when we retire.
There are two main types of Roth IRA accounts available: traditional Roth IRAs and Roth 401(k) accounts. Traditional Roth IRAs are individual retirement accounts that you can open on your own, while Roth 401(k) accounts are offered through employers as part of their retirement savings plans. Both types of accounts allow you to contribute after-tax money that can grow tax-free for retirement.
One company that provides information for converting traditional IRAs to Roth IRAs is Fidelity. Other websites that offer information for converting traditional IRAs to Roth IRAs include the RothIRA website, as well as websites such as Axa-Equitable and BankRate.
The main types of retirements plans are Individual retirement accounts, 401(k)s, Simple IRAs etc. The best choice will depend on the applicant's situation. The best option will be to visit a independent financial advisor and they will guide you in the right direction.
Vanguard offers many investment types. Among them are IRAs. They offer both Roth and tradition IRAs. There are also mutual fund options available. Opening an IRA with them is a simple three step process.
Individuals who earn more than $100,000 and others can convert their traditional IRAs into Roth IRAs. The conversion spreads out the taxes if you convert this year through 2012, giving a significant tax break benefit to those higher income earners.