Selecting an IRA: Ask Yourself ‘Tax Free Now or Later?’ (video)
The best choice for you may depend on your current income tax rate, your future projected income tax rate and possibly other factors.
With Traditional IRAs, you can get tax deductions now for contributions.
With Roth IRAs, you get tax-free withdrawals later.
The maximum contribution is $5,500 per year (it's $6,500 if you're age 50 or over).
If you’re still in limbo with a 401(k) or other type of rollover, never fear—we can help you. One the first decisions to make is whether to use a Roth or Traditional account. Sarah Michaelson, Betterment’s manager of customer success, breaks down the ins and outs of each kind of IRA.
Frequently Asked Questions
Just starting out exploring Betterment? These are the frequently asked questions that help people find their way.
Traditional or Roth 401(k)? Decide with This 401(k) Calculator
Many employer-sponsored retirement plans now offer a Roth 401(k) in addition to a traditional 401(k). Use our calculator to find out which is a better fit for you.
Roth or Traditional: Which IRA is Right for You?
Individual Retirement Accounts (IRAs) are popular because of their flexibility. We’ll help you choose which one is better for now and the long term.
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