There is a wide variety of tax-advantaged ways for individuals to save for retirement. Because of their income tax benefits and because IRAs are so easily established, they have become one of the most often used retirement savings vehicles available today. Tax laws have created two unique types of IRA’s: Traditional IRA and Roth IRA, as well as a non-deductible IRA contribution. Understanding the pros and cons of both can help you determine which IRA is right for you. A Traditional IRA is a tax deferred retirement savings account which allows a working individual under the age of 70 1/2 to...…There is a wide variety of tax-advantaged ways for individuals to save for retirement. Because of their income tax benefits and because IRAs are so easily established, they have become one of the most often used retirement savings vehicles available today. Tax laws have created two unique types of IRA’s: Traditional IRA and Roth IRA, as well as a non-deductible IRA contribution. Understanding the pros and cons of both can help you determine which IRA is right for you. A Traditional IRA is a tax deferred retirement savings account which allows a working individual under the age of 70 1/2 to...WW…