What is the difference between Traditional and Roth IRAs?
With a Traditional IRA, money that you contribute may be deductible on your annual income taxes and earnings aren’t taxed until the time of your withdrawal (called a distribution). This IRA is excellent for anyone eager to save for retirement and reduce taxes at the same time. With a Roth IRA, you pay taxes on your contributions, but you won’t have to pay any when you withdraw your money later in retirement.
