A Few Important Roth IRA Basics for Investors
by T. Eric Reich, CIMA®, CFP®, CLU®, ChFC®
Aug 16, 2022
2 minutes
If you’re like a lot of people, you’re familiar with traditional IRAs and Roth IRAs, but not entirely sure how they are the same, and more importantly how they are different. So, here is a quick recap on Roth vs. traditional IRAs.
A traditional IRA can allow for a tax deduction and tax-deferred growth until you take the money out. At that time, any withdrawals are subject to ordinary income tax.
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