Traditional IRAs are a great retirement planning tool for many U.S. taxpayers. Traditional IRAs allow taxpayers to contribute funds to a retirement account , where the investment earnings will grow tax-deferred until the individual turns 65 and starts to draw retirement distributions from the account. A traditional IRA can be created by any U.S. person, regardless of income limits, or whether the person is already covered by a retirement plan at work. What individuals need to be mindful of is the deductibility of their contributions. View our video on Roth IRAs: Purchase our tax guides and tutorials here: Check out our website for more posts: Need more help? Schedule a consultation: Follow Jason here: Twitter: Instagram: TikTok: LinkedIn: Patreon: Quora: #IRS #IRA #TraditionalIRA DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor...
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