Difference between a traditional and roth ira

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Question: Do you have any money to set aside in a retirement plan? How much do you spend (weekly) on coffee/snacks at Starbucks or any coffee chain? $20 bucks? $30 x 52 weeks x 40 years = $62,400. You must be thinking $62,400 is not going to help me retire...Think again..with the power of compounding interest, your annual saving of $1,560 will turn into $241,428 at a moderate 6% growth!

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What's the difference between a traditional and Roth IRA?

The difference between tax-free and tax-deferred. Discuss the advantages of deferring income.

Reference no: EM133357621

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