Enter the Roth IRA. Note the rules for Roth IRA self directed retirement accounts, especially the IRA withdrawal rule and IRA taxes, and compare the traditional IRA versus Roth IRA. Which is better for you: the Roth or the traditional?
Avoid three big mistakes regarding the rules for IRA:
The rules for IRA will allow you to set up an account for your teenagers.
Subtopics: IRA Overview • Introducing the IRA • Rules for Roth IRA • Traditional IRA Versus Roth IRA • Withdrawals and Taxes • Early Withdrawals • Retirement Income Taxes and Your IRA • Teen Roth IRA • 3 Big Mistakes
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