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.
Definition: A rollover IRA is a type of retirement account that you can use to hold money transferred from other employer retirement accounts, such as 401(k) accounts or profit-sharing plans.ove the money to a rollover IRA: Of all of these choices, a rollover IRA makes a lot of sense. Each time you move from one job to the next, you can roll your latest 401(k) plan into your rollover IRA and the investments that you choose.