COMPARING ROTH IRAs TO TRADITIONAL IRAs
01.Core Concepts
• Traditional IRAs allow contributions after the owner is age 70½, just like Roth IRAs, for years after 2019. • Roth IRAs are not subject to the lifetime minimum distribution rules, unlike traditional IRAs. • Inherited traditional and Roth IRAs both require the beneficiary to take RMDs • Traditional IRA distributions taxable to beneficiary, but no penalty • Roth IRA distributions • Qualified distributions • Nonqualified distributions