Whats the difference between a Traditional IRA and a Roth IRA?
Traditional IRA A Traditional IRA is the IRA originally chartered by the U.S. government. There are two primary benefits of a Traditional IRA. • The earnings of the IRA are tax deferred until withdrawn. • For many taxpayers, the contributions to the IRA are tax deductible. Roth IRA A Roth IRA is a more recent form of a retirement savings plan. The principal benefit of a Roth IRA is that all earnings will accumulate tax-free. Traditional IRA vs.
