A Closer Look at IRAs—Roth vs. Traditional
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...