01/03/2024
Tax-deferred or tax-free? Learn the primary differences between a Traditional IRA and a Roth IRA below. ๐ฐ๐
Traditional IRA: Contributions are often tax-deductible, and taxes are deferred until withdrawal, where withdrawals are taxed as income.
Roth IRA: Contributions are made with after-tax money, and qualified withdrawals (including earnings) are tax-free.