At one time, there was relatively little confusion about IRAs because there was only one type available. Now, however, IRAs have proliferated-there’s the “traditional” IRA, which may be funded with deductible and/or nondeductible contributions, Roth IRA, SEP-IRA, and SIMPLE IRA. Some of these IRAs have similar features, but others have features that are unique. Read this article to learn more.
Please call our office for more information on how you and your family may be able to benefit from IRAs in all their various forms.
Dean R. Holland, CPA, MSA