Traditional IRA

A traditional IRA is a simple solution with immediate tax advantages. Financial professionals frequently recommend traditional IRAs because money can be contributed on a tax-deferred basis each year.

Traditional IRAs offer:

• The opportunity to lower your tax liability because contributionsare tax deductible^[1].
• Tax-deferred growth. You don't pay taxes on your earnings until you withdraw money.
• A wide range of investment choices to meet your individual needs.
• Flexibility to invest as much as you'd like, up to annual limits.

Traditional IRA vs. Roth IRA

• Compare eligibility, contributions, and distribution details for traditional IRAs and Roth IRAs.
• Use online calculators to figure out which IRA better suits your financial needs.

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Based on your income level and other limitations, consult your tax advisor for specifics.