Individual Retirement Accounts allow you to save for retirement with potential tax advantages.
Traditional IRAs are individual retirement plans that have the potential to grow tax deferred
ROTH IRAs are individual retirement plans that can allow tax free earnings
Withdrawals prior to age 59½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Future tax laws can change at any time and may impact the benefits of Roth IRAs. Their tax treatment may change.
The information is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.
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