Traditional IRA

A Traditional IRA is another type of retirement account that allows you to save for retirement on a tax-deferred basis. Contributions to a Traditional IRA may be tax-deductible, depending on your income and whether you have a retirement plan through your employer. Continue Reading Below

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About Traditional IRA

A Traditional IRA is another type of retirement account that allows you to save for retirement on a tax-deferred basis. Contributions to a Traditional IRA may be tax-deductible, depending on your income and whether you have a retirement plan through your employer. The money in your Traditional IRA grows tax-free until you withdraw it in retirement, at which point it is taxed as ordinary income.