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TOPIC: Business And Finance

TITLE: Could a Roth IRA be Better Than a 401(k)?

Article:

Could a Roth IRA be Better Than a 401(k)? by: Terry Mitchell

Very few people whom I know are familiar with the benefits of the Roth IRA. It was named for the late Senator William Roth of Rhode Island, who proposed it. It is similar to a traditional IRA except contributions are never tax-deductible. Contributions to traditional IRAs are sometimes deductible or partially deductible, depending on your income and whether or not you have a retirement plan like a 401(k) at work. With Roth IRAs, individuals are limited to incomes of $'95

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