About Us

  1. Individual Retirement Account (IRA)

    A traditional individual retirement account (IRA), is an investment account that allows you to save up to an IRS set level each year towards your retirement. Any contributions you make to a traditional IRA can be deducted from your taxes, however, you must pay taxes on your distributions when you withdraw money. Distributions can be made without penalty at age 59 and 1/2. Traditional IRA's differ from Roth IRA's, which allow you get distributions tax free in exchange for contributing post-tax funds.

    Back

Follow Us On:
Mint is certified by Verisign TrustE Mint is certified by Scan Alert

©2007–2009 Mint Software, Inc. | All Rights Reserved
PC Magazine Editors’ Choice Award Logo is a registered trademark of Ziff Davis Publishing Holdings, Inc. Used under license.
Reprinted from www.pcmag.com, June 20, 2008, with permission. Copyright © 2008 Ziff Davis Media Publishing Holdings Inc. All rights reserved.