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.
The two types of IRAs â Traditional IRAs and Roth IRAs â differ on income limits, age limits, and the Required Minimum Distribution (RMD). The main difference between a Traditional IRA and a Roth IRA is how theyâre taxed. (This is the tax deferred versus tax exempt distinction we referred to above.) If you choose a Traditional IRA, you donât pay taxes on your contributions until you make a withdrawal, usually in retirement.
Learn about saving for retirement using Traditional and Roth IRAs. Traditional and Roth IRA comparison chart; Contribution Limits How much can you contribute to your IRA? Deduction Limits How much of your IRA contributions can you deduct on your taxes? Rollovers (See our Rollover Chart) The why, what, how, when and where about moving your retirement savings. IRA One-Rollover-Per-Year Rule