Should You Use A Roth Or Traditional IRA? | Old North State Wealth News
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Should You Use a Roth or Traditional IRA?



Americans believe they’ll need $1.46 million to retire comfortably, according to findings from Northwestern Mutual’s 2024 Planning & Progress Study, and an individual retirement account (IRA) is a great tool for building a robust nest egg. The question, then, is not if you should have an IRA, but which kind you should use. 

If you make ongoing contributions and diversify your investments, you could build a portfolio that’s worth hundreds of thousands dollars. But there are actually two flavors of IRAs: a traditional IRA and a Roth IRA.

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