Differing from a traditional IRA, contributions to a tax-deferred Roth IRA are not tax-deductible, but there is no tax on withdrawals if the taxpayer is over 59 1/2 and the account has been open for five years.
Differing from a traditional IRA, contributions to a tax-deferred Roth IRA are not tax-deductible, but there is no tax on withdrawals if the taxpayer is over 59 1/2 and the account has been open for five years.