United States
Individuals looking to lower taxable income now and expecting a lower tax bracket in retirement.
Those expecting to be in the same or a higher tax bracket, as withdrawals are taxed as ordinary income.
Pre-tax dollars, reducing your taxable income.
Withdrawals are taxed as ordinary income.
No income limits for contributions. Deductibility depends on income and whether you have a workplace retirement plan.
Required starting at age 73
Individuals expecting a higher tax bracket in retirement or who prefer tax-free income later in life.
BuzzWorthy Note: 52% of households chose Roth in 2022.
Those seeking an immediate tax deduction (because Roth IRA contributions are made with after-tax dollars, so you’ve already paid the taxes).
After-tax dollars, allowing for tax-free growth and withdrawals in retirement.
Earnings are tax-free if you’re at least 59½ and have had the account for at least five years.
Your ability to contribute depends on your income, with full contributions available under certain income thresholds.
Not required during the account holder's lifetime.
Explore our comprehensive guide to get the full picture on Traditional and Roth IRAs
When you rollover your 401(k), your pre-tax contributions will be directed into a Traditional IRA, while any post-tax contributions will go into a Roth IRA to preserve the tax status of your savings.
Your dedicated BeeKeeper helps you through every step of your rollover - contacting your old provider and ensuring a smooth transfer - so you can take control of your retirement, hassle-free.
We offer Roth and Traditional IRAs so you can transfer your IRA into whichever investments works best for you
What is an IRA?
What is the difference between a Traditional IRA and a Roth IRA contribution?
What’s the contribution limit for an IRA?
What’s the deadline to contribute to an IRA for the 2025 tax year?
What happens if I make a small contribution to my account?
What does it cost?
Is there an income limit for IRA contributions? What if I don’t make enough money to reach the contribution limit?
Can I contribute to both a Traditional and a Roth IRA in the same year?
How long can I make IRA contributions?
What happens if I contribute too much to my IRA?
Do I have to report my IRA contributions when filing taxes?
Is there an age limit to contribute to an IRA?
Join customers worldwide who work with PensionBee to manage their retirement savings with confidence.
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