4 Underrated Perks of a Traditional IRA
When it comes to IRAs, it's the Roth accounts that get the bulk of the attention. They offer some really valuable perks, including the opportunity to make tax-free withdrawals in retirement. But there's a lot to love about traditional IRAs as well, and it helps to understand both before deciding which is right for you. Here are four perks of saving in a traditional IRA that you shouldn't overlook.
Traditional IRAs have fewer restrictions than Roth IRAs about who can contribute. High earners aren't allowed to set aside money in a Roth IRA directly, but they can put funds into a traditional IRA. And since IRAs aren't workplace retirement accounts, they're a great option for those who don't have access to a 401(k) or other retirement plan through their job.
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Source Fool.com
