There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.
1Subject to some minimal conditions. Consult a tax advisor.
2Certain exceptions apply, such as healthcare, purchasing first home, etc.
3Consult a tax advisor.
¹APY= Annual Percentage Yield. APY(s) are accurate as of 09/26/2023. You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed APY. Fees could reduce the earnings on this account.