Month: December 2020

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What Is a Traditional IRA? An Introductory Guide

December 7, 2020 admin Comments Off on What Is a Traditional IRA? An Introductory Guide

A traditional IRA (Individual Retirement Account) is a type of retirement plan that allows you to save your money for retirement in which can contribute pre-tax dollars to your account and let them grow tax-deferred.
Generally, anyone can open and contribute income to a traditional IRA. Unfortunately, it is not always true that these contributions will not be taxed.
Nevertheless, a traditional IRA can be a great way to help you save for retirement. Even if you have an employer-sponsored plan like a 401(k) plan, you can benefit from opening one.

Who Is Eligible for a Traditional IRA?
Generally, anyone who earns income can …read more […]