What’s the difference between Traditional and Roth IRAs?

Traditional and Roth IRAs vary on when and how they’re taxed. With Traditional IRAs, the earnings grow tax-deferred until withdrawn and your contributions may be tax-deductible. With Roth IRAs, your regular contributions can be withdrawn penalty-free and tax-free at any time. There are also certain circumstances when you can draw out of a Roth IRA penalty-free. Check out our IRA page for details.*

*Consult a tax advisor for additional information.