The Valencia type peanut is a funny looking tall and slim peanut with a very red skin around the kernel, of all four different types it has the sweetest taste. It is not uncommon to find three or more kernels when you open up a Valencia peanut.
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.
What Is a Roth IRA? A Roth IRA is a special retirement account that you fund with post-tax income (you canât deduct your contributions on your income taxes). Once you have done this, all future withdrawals that follow Roth IRA regulations are tax free. There is no up-front tax deduction for Roth IRA contributions, as there is with a traditional IRA, On the other hand, Roth distributions are tax-free when you follow the rules.