What is the difference between a Traditional and Roth IRA?

Your IRA can consist of a range of investments from savings accounts, stocks, bonds, and certificates of deposit or share certificates. You can contribute up to a certain limit each year into your IRA and if you're over 50, you are allowed an additional "catch-up" contribution. The tax advantages of a Traditional or Roth IRA depend on your annual income and whether you are covered by your company's retirement plan.

Consult our flyer to better understand some of the differences between a Traditional and a Roth IRA.