Two advantages of a Traditional IRA:

• You may be able to deduct some or all of your contributions to it, depending on your circumstances.
• Generally, amounts in your IRA, including earnings and gains, are not taxed until they are distributed.

Types of Traditional IRAs. Your Traditional IRA can be an individual retirement account or annuity. It can be part of either a simplified employee pension (SEP) or an employer or employee association trust account. Below are a different forms of a Traditional IRA:

• Individual Retirement Account
• Individual Retirement Annuity
• Individual Retirement Bonds

To contribute to a Traditional IRA, you must be under age 70 1/2 at the end of the tax year and you, or your spouse if

Make investing a little less taxing
In the U.S., an IRA (Individual Retirement Account) and its tax benefits can make an attractive investment. But which type is best for you--traditional, Roth, or education?Each has different tax advantages, different guidelines for eligibility, different allowable investment rates, and different types of penalties for withdrawing at different ages. We'll outline each type of IRA, and help you decide which will work hardest for you.An IRA pools people's money together and invests it. The combined investment generates profit and interest, which is divided among investors according to how much they put in. An IRA is set up so investors can direct their contributions (or different percentages of their contributions) toward safe or aggressive investment funds, depending on their