Compare Individual Retirement Accounts (IRAs)

IRAs are savings and investment accounts with tax advantages designed to help you with retirement.

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TRADITIONAL IRA

ROTH IRA

Contributions are made pre-taxContributions are made after-tax
Contributions may be tax deductibleContributions are not tax deductible
Earnings are tax deferred until withdrawnContributions can be made at any age
Beginning with the 2020 tax year, contributions can be made at any ageWithdrawals made after age 59½ are tax and penalty free, unless the account is less than five years old

ASB does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.