Traditional Ira
/trəˈdɪʃənəl ˌaɪˌɑːˈɑːr/
Definitions
- (n.) A tax-advantaged retirement savings account where contributions are typically pre-tax, and withdrawals are taxed as income.
She decided to maximize her contributions to her traditional IRA for tax-deferred growth.
Forms
- traditional ira
- traditional iras
Related terms
See also
Commentary
The term specifically denotes the classic IRA type distinguished from Roth IRAs by pre-tax contributions and taxable distributions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.