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What is the difference between a Roth and a traditional IRA?

April 26, 2017Roth Traditional IRA

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What is the difference between a Roth and a traditional IRA?

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Both offer an individual the ability to contribute $5,000 to an individual retirement plan, or $6,000 if you are over 50. A traditional IRA may be deductible if you are under certain Adjusted Gross Income (AGI) limits.