Ask the Dolans: What kind of IRA is right for me?
Sep 19th 2008 10:00AM
Updated Sep 19th 2008 10:27AM
Ken and Daria Dolan, America's First Family of Personal Finance, answer your money questions every Friday.
Here's a little trick when it comes to saving for retirement: every little bit helps. That's why we're thrilled when we hear about folks contributing any amount to their retirement plans because it all adds up over time to a very rich future! But we also want your investments to work hard for you, which means choosing the right savings vehicle.
When deciding between a traditional and Roth IRA account, there is one major rule of thumb to live by. Find out what it is in our video response below.
Dear Ken and Daria,
I've been told I should invest in a traditional IRA instead of a Roth IRA because of my low income. Which is the right choice for me?