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How much will an ira be worth in 20 years?

Posted on April 16, 2023 by Max Unger

If you or your spouse retire before the age of 60, there is a 10% penalty. Eligible retirement plans that you can transfer or consolidate to a traditional IRA include 401 (K), s, 403 (B), s, SIMPLE IRAs, and SEP IRAs. While long-term savings in a Roth IRA can result in better after-tax returns, a traditional IRA can be an excellent alternative if you qualify for the tax deduction. Although IRAs are taxable investments, you don’t pay tax on the amount you deposit into a traditional IRA until you take it out of retirement.

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