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 an IRA? There are two main types of IRAs (Individual Retirement Accounts): the Traditional IRA and the Roth IRA. Traditional IRA. A traditional IRA is very similar to a 401k. With a Traditional IRA, you can contribute up to $5,000 a year ($6,000 if age is 60 or older) as long as your salary is below a certain amount (see table below). The money is contributed tax free just like a 401k (subject to limitations).