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Whats good about investing in IRAs?

April 26, 2017good Investing IRAs

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Whats good about investing in IRAs?

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There are Roth IRAs and Traditional IRAs, both of which are discussed in the Financial Guide listed below. All IRAs defer taxation of investment income until funds are withdrawn. Contributions to Traditional IRAs in many cases are deductible; withdrawals from Traditional IRAs are taxable income, except for withdrawal of previously non-deductible contributions.

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A. There are three types of IRA: the Roth IRA, the Education IRA, and the Traditional IRA, all of which are discussed in the Financial Guides listed below. All IRAs defer taxation of investment income until funds are withdrawn. Contributions to Traditional IRAs in many cases are deductible; withdrawals from Traditional IRAs are taxable income, except for withdrawal of previously non-deductible contributions.