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.
IRAs come in two types. The first is a tax-deferred IRA, in which you don't have to pay the taxes until you begin withdrawing the money when you retire. The second is a Roth IRA, in which you pay the taxes now when rates are lower, not later when taxes are higher. In 2014, the most a person can contribute to either IRA was $5,500 -- $6,500 if you're 50 years or older [sources: IRS, USAA, Edward Jones ]. The Roth IRA is special.