Individual Retirement Accounts (IRAs) are among the most popular tools available to help individuals save for retirement while taking advantage of valuable tax benefits. Two of the most common options are the Traditional IRA and the Roth IRA.
While both are designed to help you build retirement savings, they differ in how and when taxes are applied.
| Feature | Traditional IRA | Roth IRA |
|---|---|---|
| Contributions | May be tax-deductible | After-tax contributions |
| Growth | Tax-deferred | Tax-free potential |
| Retirement Withdrawals | Generally taxable | Generally tax-free if qualified |
| RMDs | Required under IRS rules | No lifetime RMDs for original owner |
| Current Tax Benefit | Potential deduction today | Potential tax-free income later |
The best choice depends on your personal circumstances, including your current
income, tax situation, retirement goals, and long-term financial strategy.
Some individuals prefer the immediate tax advantages of a Traditional IRA, while others
value the future tax-free income potential offered by a Roth IRA.
At Sagun Financials, we help individuals understand their retirement savings options and
determine which strategies may best align with their long-term financial goals.
May be tax-deductible
ax-deferred
Generally taxable
Required under IRS rules
Potential deduction today
After-tax contributions
Tax-free potential
Generally tax-free if qualified
No lifetime RMDs for original owner
Potential tax-free income later
The protection decisions you make today shape your financial stability tomorrow. Let our licensed advisors guide you toward confident, informed coverage choices.
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