Individual retirement arrangements (IRAs) - Internal Revenue Service A traditional IRA is a tax-advantaged personal savings plan where contributions may be tax deductible A Roth IRA is a tax-advantaged personal savings plan where contributions are not deductible but qualified distributions may be tax free
What is an IRA? | why you should invest | Fidelity An IRA is an account set up at a financial institution that allows an individual to save for retirement with tax-free growth or on a tax deferred basis Learn more about IRAs and how these retirement savings accounts can help you save for your retirement
Traditional IRAs - Internal Revenue Service Generally, amounts in your traditional IRA (including earnings and gains) are not taxed until you take a distribution (withdrawal) from your IRA See IRA Resources for links to videos and other information on IRAs
Traditional and Roth IRAs - Internal Revenue Service Any deductible contributions and earnings you withdraw or that are distributed from your traditional IRA are taxable Also, if you are under age 59 ½ you may have to pay an additional 10% tax for early withdrawals unless you qualify for an exception
Guide to IRAs - Investopedia An individual retirement account (IRA) is a savings account with tax advantages Browse Investopedia’s expert-written library to learn about different types and more