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You opened an IRA, now what?
You know you should have an individual retirement account (IRA), but what do you do with it? IRAs come in two forms – traditional, where your contributions are tax-free, and you pay taxes when you remove the funds during your retirement. The second form is a Roth IRA which works the opposite way, you pay taxes on your contributions, but your withdrawals are tax-free. Now, you need to think about investing that money. Maurie Backman writes it is important to invest the money you have in your IRA account, and she offers three tips that should help you start. Read Ms. Backman’s article here…
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