If you want to save money for retirement, you need to start doing it right now, no matter how old (or young) you are. While there are multiple methods for building a nest egg, one of the most reliable is contributing to an individual retirement account (IRA).
There are two primary types of IRAs available - traditional and Roth. Both options have benefits and downsides, so it’s crucial to understand the differences between them. Here is what you need to know.