Both Traditional and Roth IRAs offer attractive financial benefits, so which one best fits your needs? If you are unsure, consider this:

A Roth IRA is great if you don’t need a tax break right now. It’s a more flexible investment because you can withdraw regular contributions at any time, tax-free and penalty-free. The Roth IRA also offers flexibility during retirement because it does not require that you start taking distributions at age 70 ½.

A Traditional IRA is an excellent choice if you want a tax deduction now or if you anticipate being taxed at a significantly lower rate in retirement.  Earnings build tax-free until withdrawn and then are subject to income tax based on your taxation rate at the time of withdrawal. 

With either IRA option you can save your money in smart investment options at Family First.  Family First offers risk-free IRA Savings, IRA Certificates and an IRA MoneyBuilder Account.  The best part is the sooner you start saving, the more you’ll enjoy retirement.