Variations On An IRA Account?

Variations On An IRA Account?
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An IRA account is an Individual Retirement Account. Morespecifically, it is an account used by individuals that provides anopportunity for them to save for retirement. It also affords taxadvantages for Americans.An IRA account can come in one of several different forms. Thevery first of these was developed in 1974. Since that time, manyvariations have come about. The first of those is the Roth IRA.Post-tax assets are used to make contributions to the Roth IRA.None of the transactions in this type of IRA account have any taximpact. Withdrawals from the Roth IRA are tax-free in mostinstances.The Traditional IRA is another variation. Contributions to theTraditional IRA are usually tax-deductible. This means thatcontributions are made with assets before they are taxed. When thefunds from a Tra
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