Image by Property#1 via Flickr IRA’s are a popular long-term savings tool, and the reason for their popularity is the interest one can earn. Many people are surprised at how much an IRA adds to their investment, even within the first year. Qualified investments also can provide tax benefits. The main differences between a Roth IRA and a Traditional IRA are the following: Taxation In a Roth IRA, you invest money after you already paid taxes on it thereby releasing you from future tax obligations; however, in a traditional IRA, you invest before you are taxed thereby creating a … [Read more...]