Traditional IRA
A US individual retirement account whose contributions may be deductible depending on the circumstances.
Definition
A US individual retirement account whose contributions may be deductible depending on the circumstances.
Why this concept matters
It can build retirement savings independently of an employer plan.
What to watch
Access, deductibility and withdrawals depend on US tax rules.
Simple example
A US taxpayer may contribute to an IRA within the applicable limits and conditions.
Availability and country
- Country or system of origin
- United States
- Status
- Product specific to the US system
- Access from France
- Generally unavailable as a local wrapper to a French tax resident, except in specific US circumstances and subject to eligibility.
- French equivalent
- Individual PER: a partial comparison with different tax and withdrawal rules.
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