Why might someone want to open an IRA?
People open an IRA to save for retirement with tax advantages and more control over investments, often with lower costs than some employer plans.
One noticeable difference between an IRA and a 401(k)
An IRA is opened and managed by an individual, not an employer, giving more investment choices; a 401(k) is set up through an employer with usually fewer investment options.
According to the article, who should invest in a Roth retirement account? Why?
The article suggests that people who expect to be in a higher tax bracket in retirement should consider a Roth account because contributions are taxed now and withdrawals are tax-free later.