Traditional IRA
from Wells Fargo
With a traditional IRA, individuals make tax-deductible contributions to the account, but pay income taxes when the money is withdrawn in retirement. Individuals can contribute up to $5,000 in 2008 ($6,000 for those age 50 and older), though certain income limitations do apply.
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Michael answered jennifer's question:
jennifer asked:
opening an IRA
Responses (1) | Join the discussion »
Michael answered:
Jennifer, Great question! The difference between the two, in essence, in t...


