Difference in traditional tax-deductible ira and roth ira

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Question: Describe and discuss the differences between a traditional tax-deductible Individual Retirement Accounts (IRA) and a Roth IRA. What are the eligibility requirements for employees and/or individuals interested in investing in a Traditional IRA and Roth IRA? Discuss the income-tax treatment for each, and explain when and at what age annual contributions may be made to each type of IRA. Explain your reasons.

Reference no: EM131793881

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