Categories
Investments glossary

Traditional IRA

Spread the love
Quotes of the day:

Old is gold, but new is platinum.

— Amit

A traditional IRA (individual retirement account) allows individuals to direct pre-tax income toward investments that can grow tax-deferred. The IRS assesses no capital gains or dividend income taxes until the beneficiary makes a withdrawal. Individual taxpayers can contribute 100% of any earned compensation up to a specified maximum dollar amount. Income thresholds may also apply. Contributions to a traditional IRA may be tax-deductible depending on the taxpayer’s income, tax-filing status, and other factors.


We uses YouTube API Services.
Click to rate this post!
[Total: 0 Average: 0]

Leave a Reply