2. Choose Your Individual Retirement Plan Intelligently

Individual Retirement Accounts or IRAs can be set up in two modalities – traditional IRAs and Roth IRAs. Both have their own merits and demerits, though many a times, Roth IRAs are considered a better investment for a secure retirement. This is because distributions on Roth IRA are tax-free in most circumstances, this allowing availability of larger cash flows. However, you should take a decision regarding the same after due diligence and careful consideration of both prospects.