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IRA

What’s the difference between a Traditional and Roth IRA?

Traditional IRAs generally offer more tax advantages in the contribution phase. Roth IRAs generally offer...
Who can contribute to a Roth IRA?

If you earn compensation, and your modified adjusted gross income (MAGI) is under a certain...
What is the annual contribution limit for a Roth IRA?

People under age 50 may be able to contribute up to $5,500. People over age...
What advantages does a Roth IRA offer?

Roth IRAs allow you to make tax-free and penalty-free withdrawals on your regular contributions at...
Who can contribute to a Traditional IRA?

There are three ways to be eligible to contribute to a Traditional IRA: Anyone under...
What are the annual contribution limits on a Traditional IRA?

People under 50 may be able to contribute up to $5,500. People who are 50...
Are contributions to a Roth IRA tax-deductible?

No, contributions to a Roth IRA are not tax-deductible.
Who can make deductible contributions to a Traditional IRA?

The following people may be able to make tax-deductible contributions: Single individuals not active in...
What are the advantages of a Traditional IRA?

Traditional IRAs may allow for tax-deductible contributions, and the earnings grow tax-deferred until withdrawn. Restriction...