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What kind of Ira do I open for bigger refund? Traditional or Roth? Or 401K?

 
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KenH1
New Member

What kind of Ira do I open for bigger refund? Traditional or Roth? Or 401K?

A traditional IRA can still be opened and funded for 2016, and potentially increase your refund. 

A Roth IRA can still be opened and funded for 2016, but would not impact your refund.

A traditional 401k has the same impact as a traditional IRA, but are administered by employers, so that's not an option for 2016.

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