Within a Traditional Individual Retirement Account (IRA), workers are able to direct pre-tax income towards investments that grow tax-deferred. The account is not taxed until the individual makes withdrawals from the account.

Related Terms

  • Variable Annuity

  • SIMPLE IRA

  • SEP IRA

  • Roth IRA

  • Rollover / Contributory IRA

  • Joint

  • Individual 401(k)

  • Individual

  • Fixed Annuity

  • Designated Beneficiary (TOD)

  • Deferred Profit-Sharing Plan (DPSP)

  • Custodial

  • Corporate

  • Cash Balance Pension Plans

  • 401(k)