Key Takeaways

Here are a few factors to consider when you making your retirement income strategy:

When it comes to paying taxes on contributions, Roth IRAs and traditional IRAs differ from one another. While both are tax-advantaged accounts, your choice will impact when you pay taxes on the money: With a traditional IRA, you’d pay taxes in retirement when you begin taking payments. With a Roth IRA, however, you’re required to pay taxes on the money in advance. 

Furthermore, Roth IRAs do not require RMDs (required minimum distributions) during the owner’s lifetime. This makes a Roth IRA a “wealth-transfer vehicle” because you can pass the entire account and its tax benefits onto your heirs. 

Call us if you would like to discuss funding either of these types of accounts, as we have some ideas that may benefit you. We’re always here to help.

Leave a Comment

How To Leave A Review

Your feedback is important to us and we want to hear from you.


Click here to find us on Google.


After visiting the above URL, a window to leave a review will open on your screen. Give us however many stars you think we deserve and if you’d like, leave some details about your experience with Mark and Grady Group of New England!