In a traditional IRA, contributions are made with pretax dollars, growth is tax-deferred, and withdrawals made after age 59½ are taxed as normal income.

Authors

• Person: Not available Organization: Edelman Financial Engines
  14 Tax Saving Strategies to Minimize Your Expenses

Sources

• 14 Tax Saving Strategies to Minimize Your Expenses www.edelmanfinancialengines.com Edelman Financial Engines via serper

Referenced by nodes (1)

• traditional IRA concept