Taking a glucocorticoid medication (sometimes called corticosteroids) for treatment of inflammatory arthritis or other health problem may weaken your bones. This, in turn, can lead to osteoporosis. The good news is there are ways you can protect your bones while taking glucocorticoid medicine.
What are the differences between a Simple IRA and a Traditional IRA? A traditional IRA is set up by an individual on his or her own behalf to save for retirement, whereas a SIMPLE IRA is set up by a small business owner on behalf of an employee (including the owner if he or she is a sole proprietor).
There are two main types of IRAs to help you save for retirement: Traditional and Roth. Use this chart to help determine which one may be the most advantageous for you. Note: A Rollover IRA is a Traditional IRA often used for rollovers from an old workplace plan, such as a 401(k).