IRAs
Overview
Traditional IRA
A Traditional IRA is a tax-advantaged account that allows earnings and deductible contributions to grow tax-deferred. This means you don't pay income taxes on the earnings and deductible contributions to your IRA until you begin taking withdrawals, usually after you retire and when you may be in a lower tax bracket.
Roth IRA
A Roth IRA allows you to accumulate earnings on a tax-deferred basis and withdraw earnings tax-free for qualified distributions. Unlike a Traditional IRA, Roth contributions are not deductible on your federal tax return.
