Traditional IRA
Traditional IRAs are tax-deferred, retirement savings accounts.
Tax-deferred growth for your retirement savings.
Why a Traditional IRA?
With a Traditional IRA, your contributions are generally tax deductible and earnings grow tax-deferred. You only pay taxes on your money when you make withdrawals in retirement.
Key Details
- Deductible contributions and earnings are taxed as income upon withdrawal
- Required withdrawals begin at age 73
- Suitable for rolling over your retirement plan money when you change jobs or retire
- Penalty-free withdrawals for qualified events
- Withdrawals can be made without a 10 percent federal tax penalty after age 59 ½
Disclosure Contact your tax or legal advisor to answer specific questions about eligibility, distributions, penalties and how they may apply to your individual situation.
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