Retirement

Traditional IRA

An individual retirement account with potentially tax-deductible contributions and tax-deferred growth. Withdrawals are taxed as ordinary income. RMDs begin at age 73.

Related Terms

IRA (Individual Retirement Account)
Roth IRA
Tax-Deferred

Related Calculators

Roth IRA Calculator
RMD Calculator

Understanding Traditional IRA

Traditional IRA is a key concept in retirement. Understanding this term helps you make more informed financial decisions. Use our related calculators above to see how traditional ira affects your specific situation.