Tax And Real Estate Investing For Beginners: Learn About How A Self-Directed Ira: Guide Taxes For Beginners (Paperback) (ISBN-13: 9798455166150)

As we will see later, there are several types of IRA accounts available. The one most people think of when they think of an IRA is called a Traditional IRA. Generally, you get a tax deduction when you contribute money to a Traditional IRA. The money grows tax-free until you decide, or are forced, to make a withdrawal from your account. Though tax-free is the term often used, tax-deferred is a more accurate term.