August 12, 2016
Partner Ron Finkelstein explained the tax advantages of traditional vs. Roth IRAs.
By Rebecca Reisner
If you’ve started planning for retirement, or have even just started researching how to do it, it’s very likely you’ve come across the acronym IRA, short for individual retirement arrangement (its formal IRS name), or, more commonly, the individual retirement account.
On the flip side, if you’re in a high tax bracket and looking for ways to reduce your taxable income, “you might want to take the tax deduction [from a Traditional IRA] now,” Finkelstein says.