Roth IRA	Traditional IRA
10% penalty for withdrawals prior to age 59½	Yes**	Yes**
Tax-deductible contributions	No	Yes***
Tax-deferred accumulation	Yes	Yes
Tax-free distribution	Yes	No
Mandatory minimum withdrawals requiredto start at age 70½	No	Yes

 
*Withdrawals after age 59½ may be taxable if the Roth IRA has not existed for at least five years. Penalty-free withdrawals can be taken due to death or disability, and for qualified first-time home purchases.
**Early withdrawals due to death or disability can be taken without penalty. Also, penalty-free withdrawals can be taken for qualified first-time home purchases, qualified higher education expenses, and if taken as substantially equal periodic payments (additional rules apply).
***Contributions to a traditional IRA are tax deductible up to certain limits.
Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through Independent Financial Partners (IFP), a Registered Investment Advisor. Barnes Capital Group and IFP are separate entities from LPL Financial.