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Tag: Retirement Planning

roth ira va traditional

What is a Roth IRA?

A Roth IRA is a double-tax-advantaged retirement savings account that offers tax-free earnings growth and tax-free distributions. Given the limited opportunities for these tax advantages, opening a Roth IRA is a great way to become financially independent by retirement. So let’s uncover how this powerful investment option works: What Is a Roth IRA? A Roth Individual Retirement…
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A thoughtful man sits on a large piggy bank

Pay Off Debt, Invest…Or Both?

When it comes to paying off debt or saving, the question of whether it’s possible or makes sense is one that gets asked pretty often. Should I pay off debt versus save? Or, how about both? Well, the answer is – it depends on your current financial situation. Let’s discuss this in more detail. How to…
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