Proven steady growth
Why a traditional IRA?
Earnings can accumulate more quickly in a traditional IRA than in a taxable investment due to tax deferral. Depending on your circumstances, your contributions could be wholly or partially deducted from your taxable income. And since earnings grow tax-deferred, you don’t pay tax on the earnings until you take distributions from your account.
A traditional IRA can be the right choice
If you expect to retire to a lower tax bracket.
Your tax rate may be lower in retirement (when you’re making withdrawals) than it is during your working years (when you’re making contributions.)