arianaholley arianaholley
  • 16-11-2017
  • History
contestada

What is a major difference between a traditional Individual Retirement Account and a Roth IRA

Respuesta :

bobugg62
bobugg62 bobugg62
  • 16-11-2017

The main difference is when you pay income taxes on the money you put in the plans. with a traditional IRA you pay thee taxes on the back end  that is when you wittdraw the money in retirement. But, in some cases, you may escape taxes on the front end when you put the money into the account.

With a Roth IRA it's the exact opposite. You pay the taxes on the front end, but there are no taxes on the back end

Answer Link
paulpaul12312 paulpaul12312
  • 19-11-2018

Contributions are taxed differently

Answer Link

Otras preguntas

Which type of Economic System relies Primarily on hunting gathering,herding,and Farming to Maintain self-sufficiency? 1.Traditional 2.Command 3.Capitalism 4.mix
Whats the square root of 144
True of false? Snakes have slimy skin.
What is the value of m in the equation 1/2m -3/4n =16 , when n = 8?
I like people who/whom sing.
Which of the following is not a significant threat to the world’s rainforests? a. logging b. agriculture c. grazing d. shipping
True or false? The Dead Sea is 6 times more salty than the ocean.
solve algebraically: the soccer field has an area of 6000 square yards. The field is 40 yards longer than its width. What are the dimensions of the field in yea
how do you graph f(x)=5x-45
Why was Nationalism an important factor in World War 1?