From Nasdaq: 2024-04-10 17:57:00

Investors have until April 15th to contribute to their 2023 IRAs. Traditional IRAs offer upfront tax deductions with taxes owed upon retirement withdrawals. Roth IRAs have no upfront deduction but allow tax-free withdrawals. Both options require a plan that balances tax benefits while saving for retirement effectively.

IRAs offer flexibility to invest in individual stocks, bonds, ETFs, or mutual funds. ETFs like SPLG and SCHD provide low-cost diversification for retirement portfolios. Income-producing assets like HDV, holding companies like XOM and CVX, are suited for IRAs due to tax benefits. Consider these options for your retirement savings plan.



Read more at Nasdaq: 3 Excellent ETFs for Your IRA