A Traditional IRA is generally funded with pre-tax dollars; gains are tax-deferred until you take qualified distributions. A Roth IRA is always funded with post-taxed dollars; gains are tax-free when you take qualified distributions.
Here is some more information on these two IRA Types:
Funded with Pre-Tax dollars
Taxed once you take distributions at ordinary income level
Cash contributions are tax-deductible
Funded with Post-Tax Dollars
Must hold a Roth account for a minimum of 5 years before taking out gains or else they will not be tax-sheltered.
Can withdraw your contributions (basis) at all times
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