What is the difference between the Traditional and the Roth IRA

The biggest difference is a Traditional IRA is considered "Pre Tax" dollars and a Roth IRA is considered "After Tax" dollars.

Here is a brief summary of each:

Traditional – This type of IRA offers potential tax deductibility. There are no income limits for contributions. The funds you contribute to this type of IRA are considered pre-tax dollars and you will be taxed upon withdrawal of the funds.

Roth – This type of IRA offers potentially tax-free earnings. The funds you contribute to this type of IRA are considered after-tax dollars and you may get tax-free withdrawals.

For more details on an IRA account, please contact Member Solutions at 877-794-6712 or use VideoConnect.

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