How can a Traditional IRA help me save for retirement?

Traditional IRAs offer the following benefits.

  • Independence – Individuals may open and fund IRAs without any employer participation
  • Immediate tax advantages – Earnings remain tax-deferred until distributed
  • Possible tax deductions – Eligible individuals can make deductible contributions
  • Accessibility – Individuals may distribute IRA assets at any time
  • Flexibility – No annual contribution requirement
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