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What types of Individual Retirement Accounts (IRA) did Quontic have?

September 21, 2022
September 21, 2022
Customer Experience, Standard Operating Procedures, IRAs
IRA, Individual retirement account, Roth IRA, Traditional IRA
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  • Traditional IRA – contributions typically are tax-deductible. You pay no taxes on IRA earnings until retirement when withdrawals are taxed as income.
  • Roth IRAs – contributions are made with after-tax funds and are not tax-deductible, but earnings and withdrawals are tax-free.