- Choose a Roth IRA if you don't need the tax break right now. It's a more flexible investment because:
- You can withdraw regular contributions at any time, tax-free and penalty-free
- You do not have to take mandatory distributions at age
- Choose a traditional IRA if you want the tax deduction right now. It also makes sense if you anticipate paying taxes at a significantly lower rate in retirement.
If you would like more information on which IRA is right for you, contact our IRA Specialist by email or call (319) 236-5600 or (800) 235-3228.
Interest on your IRA is computed daily and paid quarterly and on maturity. Early withdrawal may result in a penalty.
Not intended as tax advice. Please consult a tax professional.