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IRA basics

The fundamentals of traditional and Roth IRAs.

An Individual Retirement Account (IRA) is one way that you can invest for retirement. Basically, there are two types: traditional and Roth. Anyone who earns income through employment can open an account – use our IRA comparison chart to determine which ones you qualify for.

Roth IRAs

Roth IRAs offer you the benefit of tax-exempt growth. You make contributions after you've paid federal income taxes, so you won't have to pay taxes again on your investment when you withdraw the money as long as certain conditions are met.

For more information, see Roth IRAs.

Traditional IRAs

Traditional IRAs offer you the benefit of tax-deferred growth, meaning you won't pay taxes on your account until you withdraw the money. You may qualify for a full or partial deduction for contributions on your tax return.

For more information, see traditional IRAs.


Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.