Traditional IRAs are a type of individual retirement account that allows individuals to create pre-tax contributions and easily save money for retirement. There are many investment opportunities to choose from and investments in the account grow tax-deferred. During retirement, the owner will pay income tax on withdrawals from the traditional IRA.
Traditional IRAs have many benefits:
If you believe a traditional IRA may be in your best interest, contact Care Financial today! Our experts will help decide the best course of action for your retirement, whether it be through a Roth IRA or a traditional IRA, as it all depends on your financial status and financial future. As we work together, you will learn more about the traditional IRA processes, pros, cons and everything in between. Care Financial can’t wait to help you begin your retirement process!