We must permit withdrawal without penalty if any owner dies or is determined to be legally incompetent.
The traditional IRA is an easy way to save your pre-tax income for retirement. For some, opening a tax-advantaged traditional IRA could mean that you become eligible for tax deductions based on your income level and other factors. Money in a traditional IRA is not taxed until it is withdrawn.
Roth IRAs and traditional IRAs are very similar except for the distinction that the money deposited into a Roth IRA has already been taxed. Earnings gained in a Roth IRA can then be withdrawn tax-free during retirement.
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