Comparing IRA Accounts - Roth vs. Traditional IRA Comparison Chart

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Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund or ETF carefully before investing. Leveraged and Inverse ETFs may not be suitable for long-term investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. A mutual fund or ETF prospectus contains this and other information and can be obtained by emailing support@foreverwinningtraders.biz.

Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. Before using margin, customers must determine whether this type of trading strategy is right for them given their specific investment objectives, experience, risk tolerance, and financial situation. For more information please see Margin Disclosure Statement, Margin Agreement, FINRA Investor Information. These disclosures contain information on our lending policies, interest charges, and the risks associated with margin accounts.

Online trades are $0 for stocks, ETFs, options and mutual funds. See our Pricing page for detailed pricing of all security types offered at Firstrade. All prices listed are subject to change without notice.

Crypto trading on Forever Winning Trade platforms is served by Forever Winning Trade Crypto LLC and offered through APEX Crypto. Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Forever Winning Trade Crypto LLC. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Crypto trading involves substantial risk of loss and there can be significant volatility in the price of cryptocurrencies. The value of cryptocurrencies may fluctuate, and, as a result, clients may lose more than their original investment. Crypto trading involves substantial risk of loss and is not suitable for every investor, please ensure that you fully understand the risks involved before trading.

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	Traditional IRA	Roth IRA
Overview	Contributions are pre-tax dollars (tax-deductible), but latter withdrawals for retirement are to be taxed. This is an excellent way to increase your tax-deferred savings.	If you expect to be in a higher tax-bracket later in life, a Roth IRA account might be more suitable. Roth IRA contributions are already taxed (not-tax-deductible), but earnings and qualified withdrawals are tax-free.
Tax Advantages	Tax-deductible* contributions Tax-deferred until you begin withdrawing funds Taxable withdrawals	Non tax-deductible contributions Tax-free* earnings Qualified withdrawals are tax-free
Eligibility Requirements	Anyone with earned income may contribute up to the age of 72 yrs.	Your income impacts how much you can contribute. To make a full contribution, you must have a Modified Adjusted Gross Income: For tax year 2020: Single: Less than $124,000 Married filing jointly: Less than $196,000
Contribution Limits Per Year	$6,000 $7,000 if age 50 or older	$6,000 $7,000 if age 50 or older Roth Conversion (converting a Traditional IRA to a Roth IRA) is available.*
Withdrawals	All earnings and deductible contributions are taxable upon withdrawal Penalties will be incurred if withdrawals are taken before age 59½ yrs., or if minimum withdrawals are not taken by April 1st of the year following the year age 72 yrs. is reached Minimum distributions must begin at age 72 yrs.	Contributions can be withdrawn at any time without taxes or penalties Earnings can be withdrawn with no taxes or penalties as long as you are at least 59½ yrs. of age and the account had been open for at least 5 years No distribution requirements
	OPEN TRADITIONAL IRA Learn more about traditional IRAs >	OPEN ROTH IRA Learn more about Roth IRAs >

Traditional IRA vs. Roth IRA

Traditional IRA

Roth IRA

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