Red Clay On Wall Street
RCWS 005 - What's the difference between Roth and Traditional IRAs
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:12:30
- More information
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Synopsis
The two major types of IRAs are traditional IRAs and Roth IRAs. Your contributions to a traditional IRA may be tax deductible on your federal income tax return. Your contributions to a Roth IRA are not tax deductible. You can invest only after-tax dollars in a Roth IRA. The good news is that if you meet certain conditions, your withdrawals from a Roth IRA will be completely income tax free, including both contributions and investment earnings.