Retirement planning: The differences between a traditional and Roth IRA

Socking away money for retirement is something that’s top of mind for many people.

Many Americans save money for their "Golden Years" through workplace retirement plans and individual accounts they set up, with traditional and Roth IRAs being frequently-used vehicles in the latter category. 

Holders of Roth IRAs are able to make after-tax contributions to their accounts. 

"Why a lot of people like a Roth IRA today is that you pay income taxes today before you put the money into the Roth IRA," Ted Jenkin...