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).
The original IRA (sometimes called an ordinary or regular IRA) is referred to as a âtraditional IRA.â. In traditional IRA, one may be able to deduct some or all of their contributions to IRA from the taxable income and may also be eligible for a tax credit equal to a percentage of contribution.