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Individual Retirement Arrangement

Traditional vs. Roth IRA’s




Traditional IRA’s: potentially tax-deferred retirement plans; you don't pay taxes on your contributions until you withdraw the funds. Contributions can be made as long as you have *earned income and you're below the age of 70½.

Roth IRA’s: you pay taxes now and withdraw the funds tax-free when you retire. Contributions can be made before the age of 70½ without any **required minimum distributions as long as you have *earned income.




*Earned income includes wages, salaries, tips, professional fees, self-employment income, alimony, separate maintenance, and other amounts that appear on Box 1 of your W-2.

**The minimum amount required for annual withdrawal from a Traditional IRA starting at 70 ½ years of age. See irs.gov for more details.