Traditional IRA

Roth IRA

Tax-deductible contributions?

Tax-free qualified distributions?

Subject to RMDs?

Account must be designated as a Roth IRA when set up?

Tax-free early withdrawals of contributions?

No

Yes

No

No

No

Yes

Yes, in most cases

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Yes, in most cases

Yes

No

**If you satisfy the IRS requirements, qualified distributions are tax free.

Yes** [v]

No

No

No

Yes

No

*Traditional IRA contributions may or may not be tax deductible.

Yes*

Traditional IRA

Roth IRA

Tax-free early withdrawals of contributions?

Account must be designated as a Roth IRA when set up?

Subject to RMDs?

Tax-free qualified distributions?

Tax-deductible contributions?

?

?

?

?

?

?

?

?

?

?