TIAA TIAA
Compare your options

Roth vs. Traditional IRA

Compare the options below to help you decide if an IRA might be right for you.

TRADITIONAL IRA

  • Contributions may be tax deductible.
  • Anyone under age 70 ½ with earned income can contribute.
  • Pay no taxes until money is withdrawn.
  • Must begin making withdrawals by age 70½.

ROTH IRA

  • Contributions are not tax deductible.
  • Eligibility is based on how much you earn. Contribute at any age.
  • Never pay taxes on qualified withdrawals after age 59 ½.
  • Withdrawals are never required.
Withdrawals of earnings prior to age 59½ may be subject to ordinary income tax and a 10% penalty may apply. 
 
The TIAA group of companies does not provide legal or tax advice. Please consult your legal or tax advisor.