Traditional IRA
|
Roth IRA
| |||
Contributions
|
Pre-Tax Money
|
After-Tax Money
| ||
Investment Growth
|
Grows Tax-Exempt
|
Grows Tax-Exempt
| ||
Distributions in Retirement
|
Taxed
|
Not Taxed
| ||
Required Minimum
Distributions |
Yes, Beginning at Age 70
|
No
|
An IRA and/or a Roth IRA are a Great Way to Put Aside Money for Retirement. The chart above is a basic comparison. You should consult an advisor and/or tax professional to determine which account is in your best interest as well as to learn the tax implications of premature distributions.
(Chart Produced by the Independent Financial Solutions Group)
Disclosures:
- I.F.S.G. is a fee-based registered independent advisory specializing in investments and life insurance solutions.
- I.F.S.G. does not give tax advice. You should consult your tax professional before making any financial decisions.
- Securities provided by Trade PMR. Fixed income products provided to Trade PMR by Advisor Asset Management, Crew & Associates, and JBB Financial.
- Investing Money in securities exposes investors to risks including loss of principal and past performance is not an indicator of future returns. Investors should carefully consider investment risks, objectives, charges, and expenses.
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