traditional ira

A traditional IRA is an individual retirement account (IRA) in the United States. As with all IRAs, there are specific elegibility and filing status requirements mandated by the U.S. Internal Revenue Service. Contributions to a traditional IRA are made pre-tax, and earnings are tax free, but withdrawls are subject to tax. This is in contrast to a Roth IRA, in which contributions are made post-tax, but withdrawls are tax free. The traditional IRA also has more restrictions on withdrawls than a Roth IRA.

External links

Open Directory Project: List of IRA explanation websites

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