Discuss the essential differences between a traditional IRA and a Roth IRA

Discuss the essential differences between a traditional IRA and a Roth IR.Q The essential differences between a traditional IRA and a Roth IRA are, first, amounts contributed to a traditional IRA are tax-deductible in the current year whereas amounts contributed to a Roth IRA are not tax-deductible. However, upon withdrawal of amounts from the IRA at retirement, the withdrawn amounts are fully taxable from a traditional IRA but not taxable from a Roth IR,Q Second, traditional IRAs are available to many more taxpayers as the AGI limits are much higher for traditional IRAs than for Roth IRAs The essential differences between a traditional IRA and a Roth IRA are, first, amounts contributed to a Roth IRA are tax-deductible in the current year whereas amounts contributed to a traditional IRA are not tax-deductible. However, upon withdrawal of amounts from the IRA at retirement, the withdrawn amounts are fully taxable from a Roth IRA but not taxable from a traditional IR,Q Second, traditional IRAs are available to many more taxpayers as the AGI limits are much higher for traditional IRAs than for Roth IRAs The essential differences between a traditional IRA and a Roth IRA are, first, amounts contributed to a Roth IRA are tax-deductible in the current year whereas amounts contributed to a traditional IRA are not tax-deductible. However, upon withdrawal of amounts from the IRA at retirement, the withdrawn amounts are fully taxable from a Roth IRA but not taxable from a traditional IR,Q Second, Roth IRAs are available to many more taxpayers as the AGI limits are much higher for Roth IRAs than for traditional IRAs The essential differences between a traditional IRA and a Roth IRA are, first, amounts contributed to a traditional IRA are tax-deductible in the current year whereas amounts contributed to a Roth IRA are not tax-deductible. However, upon withdrawal of amounts from the IRA at retirement, the withdrawn amounts are fully taxable from a traditional IRA but not taxable from a Roth IR,Q Second, Roth IRAs are available to many more taxpayers as the AGI limits are much higher for Roth IRAs than for traditional IRAs