Traditional IRA
A traditional IRA is a tax-deferred retirement account you open yourself. Contributions may be tax-deductible now, the balance grows without yearly taxes, and withdrawals in retirement are taxed as ordinary income. It's the mirror image of a Roth IRA, which taxes you now instead of later.
The 2026 contribution limit is $7,500 (plus a $1,100 catch-up at 50+), shared across all your IRAs. Traditional IRAs carry required minimum distributions starting at 73, and the deduction can phase out if you're covered by a workplace plan.
Put it to work
Traditional IRA Calculator
Project your traditional IRA at retirement, see this year's tax deduction, and estimate the tax you'll owe on withdrawals. Uses the 2026 limit of $7,500.
Roth IRA Calculator
Project your Roth IRA's tax-free value at retirement and see how much of it is earnings you'll never pay tax on. Uses the 2026 limit of $7,500.
Retirement Calculator
Project your retirement savings: what your balance could reach by retirement age and the monthly income it could sustainably provide.