SEP IRA

Question: Roth IRA or Target Retirement Fund?

I’ve reached the Contribution limit on my SIMPLE IRA and have a little extra to put away. Should I open up a Roth IRA or a Target Retirement Fund? Also, what are the investment limits for each?

Answer: Apples and oranges. A Roth IRA is a type of retirement account within which you can hold a target retirement date fund or other investments. “The investments are the cookies; the IRA is the cookie jar.”