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MyRA, IRA and Roth IRA: What’s the difference?





If you’re new to retirement savings, the raft of abbreviations for individual retirement accounts can confuse. To know your myRA from your IRA — or ways a Roth IRA may be better than both — read on.

An IRA is an account set up at a financial institution, such as a bank or brokerage, for investments like stocks, mutual funds and bonds that you can draw on in retirement.

A Roth IRA can offer a significant tax advantage in retirement if you move to a higher tax bracket. Tax-free withdrawals from a Roth aren’t available with a traditional IRA or an employer-sponsored read more >>>

Source:: HuffingtonPost.Com

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