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The Ultimate Guide to a Roth IRA
Posted On: January 17, 2023 by The Middlefield Banking Company in: Retirement, Savings
If you’re looking to supplement your 401k offered by your employer or you currently do not have an option for a retirement savings account, a Roth IRA could be the savings option for you. Keep reading to learn the ins and outs of a Roth IRAs so you can decide if a Roth IRA is the right option for you!
What is a Roth IRA?
Planning for retirement is uber important. Whether you’re looking to get started or wanting to incorporate another savings option, a Roth IRA can be a fantastic option for retirement savings. What is a Roth IRA? It is important to understand when it comes to IRA accounts your options are Traditional or Roth. A Roth IRA is an individual retirement account where your money invested has already been taxed. A Traditional or Roth IRA are accounts you open on your own and are not affiliated with an employer.
The most unique feature of a Roth IRA is how the government taxes it. Unlike a traditional 401(k) or a Traditional IRA, your contributions
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Recent Blog Posts
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The Ultimate Guide to a Roth IRA
January 17, 2023
Categories: Retirement, Savings
If you’re looking to supplement your 401k offered by your employer or you currently do not have an option for a retirement savings account, a Roth IRA could be the savings option for you. Keep reading to learn the ins and outs of a Roth IRAs so you can decide if a Roth IRA is the right option for you! What is a Roth IRA? Planning for retirement is uber important. Whether you’re looking to get started or wanting to incorporate another savings option, a Roth IRA can be a fantastic...
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Categories: Savings
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Categories: General, Personal Loans, Savings
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