What is a traditional IRA? A tax-advantaged retirement account - Business Insider

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If you work for a living, it's important to save a portion of your wages throughout your earning years, so that you have a nest egg to draw on in retirement

There are two different types of individual retirement accounts —

But for the traditional IRA, all those details are swapped. You can make contributions no matter how high your income, and you'll experience your tax benefits in the short-term.

 

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Retirement funds are a Wall Street Ponzi scheme just like Social Security. There are no free money machines. There is no way to pay everyone back not only their contributions but additional money. The 1% now have your money and they aren't into giving things back.

Better idea make Bitcoin your 401k won't regret it

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