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What is the main difference between a ROTH IRA and a Traditional (Custodial) IRA?

April 26, 2017custodial IRA main roth ira traditional

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What is the main difference between a ROTH IRA and a Traditional (Custodial) IRA?

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The ROTH IRA taxes your funds as you put it into the account and is not taxed upon non-penalized distribution. The Traditional IRA doesn’t tax your funds as you contribute, but imposes the tax upon withdrawal (distribution).