Charles Sizemore on traditional vs. Roth IRAs

By Covestor

roth-ira

Charles Sizemore, who manages several portfolios on the Covestor platform including Dividend Growth Portfolio, recently penned a story for InvestorPlace.com comparing two types of individual retirement accounts (IRAs).

Specifically, he discussed the pros and cons of traditional IRAs vs. Roth IRAs.

Sizemore wrote:

“With a traditional IRA, you receive a tax break in the tax year in which you make a contribution, and you pay no taxes on the dividends, interest and capital gains that accumulate. You only pay taxes once you start to take distributions — in retirement. With a Roth IRA, you get no tax break in the year of the contribution, but you are able to remove the funds tax-free in retirement.”

To read more of Sizemore’s analysis of IRAs, read the full article at InvestorPlace.com.

Photo Credit: StockMonkeys.com

Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.

Charles Sizemore

Charles Sizemore

Sizemore Capital Management LLC is a registered investment advisory firm located in Dallas, Texas. Charles Lewis Sizemore, CFA is the

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