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Compare IRA Accounts

See how they compare side-by-side.

Roth

LINK
Traditional

Rate
based on term chosen
based on term chosen
Term
3-60 months
3-60 months
Contribution limits
Yes, set by federal government, increasing each year
Yes, set by federal government, increasing each year
Minimum to open
$500
$500
Resptricted Withdrawals
Penalty free at age 59 1/2
Penalty free at age 59 1/2
Tax advantage
At retirement
When contributions are made
Contributions for previous year
January thru Tax Day
January thru Tax Day
Required minimum distributions
No
Yes, at age 72

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