Tradional IRA

• Contributions may be tax deductible
• Earnings grow tax deferred
• Distributions are generally taxable, but penalty free if withdrawn under one of the following circumstances:
  • At age 59 ½
  • Incurred a disability
  • As payment for certain health insurance, medical expenses, and higher education expenses
  • Purchasing a first home 
  • Taking equal, periodic payments
  • Death (payments to beneficiaries)
• Distributions are required to be taken by Traditional IRA holders beginning at age

  70 ½

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