Introduction
It is important to acknowledge that the type of a retirement account one selects has a significant impact on their savings and other family investments. This is the reason many economists and sociologists places a major emphasis on the need to understand the difference that exists between IRA’s, 401(k)’s , Traditional IRA and Roth IRA. The understanding of these retirements accounts greatly influences an individual’s capacity to select the best account (Reichenstein, Stephen, and William, 73). Apart from understanding the differences between the retirement accounts mentioned, it is also crucial for individuals to have knowledge concerning ...