Roth vs Traditional IRA — FAQs
Plain-English answers to the questions people ask before opening a retirement account.
These answers cover the mechanics of Roth and Traditional IRAs. They are educational, not tax advice — confirm specifics with a qualified professional.
Frequently Asked Questions
Can I contribute to both a Roth and a Traditional IRA?
Yes, but your total combined IRA contribution across both types cannot exceed the annual limit ($7,500 in 2026, or $8,600 at 50+).
Are IRA withdrawals taxed?
Traditional IRA withdrawals are taxed as ordinary income. Qualified Roth withdrawals are tax-free because you already paid tax on the contribution.
What is a qualified Roth withdrawal?
Generally, the account must be at least 5 years old and you must be 59½ or meet an exception (e.g., first-time home purchase up to a limit, or disability).
Do required minimum distributions apply?
Traditional IRAs require RMDs starting at age 73. Roth IRAs have no RMD during the owner’s lifetime, which is a planning advantage for heirs too.
Should I split between Roth and Traditional?
A mix gives flexibility: Traditional lowers taxable income now, Roth gives tax-free income later. Many savers hold both to hedge future tax rates.