最近好多人在私信我有关IRA和Roth IRA以及Convert的事情，那我们就从最简单的、而且大家都非常关心的IRA开始，介绍它的基本知识、优缺点，以及需要注意的事项。

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《潘老师小课堂》其他节目：
第21期：Medicare 补充计划，收费的Medigap和免费的Part C（MA）：

第20期：401k投资选项，如何读懂401k里面的投资选项，如何规避风险：

第19期：详解 Medicare Part A & B & D; 住院、门诊、和药物保险，包括哪些，不包括哪些？Donut hole？这些花销有上限吗？自己申请还是找代理申请好？

第18期：老人保险Medicare红蓝卡必知必懂之一：申请Medicare需要满足什么条件？什么情况可以不申请？晚申请会有罚款？

第17期：手把手教您申请 I-Bond，如何开账号？需要哪些信息？给小孩 minor申请？

第16期：众议院通过了secure 2.0，把RMD提高到75岁

第15期：谁来为我养老？

第14期，一辈子不愁的收入（2）年金，哪些年金可以做终身收入？

第13期，一辈子不愁的收入有哪些(1)，现在人的平均寿命有多长？

第12期，如果离婚或配偶过世的话，社安金怎么领取？父母能领孩子的社安金吗？

第11期，婚内的配偶社安养老金怎么领取最优化？

第10期： 为什么要存401k /403b？怎么省税？

第 9 期: 退休或离职后公司退休金，401(k)/403 B 怎么投资怎么管理比较好？

第 8 期:您知道自己能拿多少社安金吗？是怎么计算的？什么时候拿社安金呢？

第 7 期: I Bond, 7.12% 利息值得买吗？高利息能持续多久? 优缺点；购买流程；
第 6 期: 提前退休离职后医疗保险怎么办？

第 5 期: 大学教育基金规划, 529, MET, UTMA-UGMA, Roth, 投资保险等 Education Planning

第4期: 社安金要交税吗？如何计算多少社安金要交税？

第3期: Roth IRA Backdoor & Conversion; 什么情况下IRA可以抵税；Conversion注意的税务问题;
第2期: 退休省税 Roth IRA: 为什么要Roth IRA? 能放多少? 什么时候领钱没有罚款?
第1期: 退休省税 Traditional IRA: IRA 什么情况下出现的? 可以省现在的税吗? 什么时候取钱没有罚款? 有RMD吗?
…(read more)

LEARN MORE ABOUT: IRA Accounts

CONVERTING IRA TO GOLD: Gold IRA Account

CONVERTING IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA

Traditional IRA: When Does an IRA Come into Play? Can You Save Taxes Now? When Can You Withdraw Money Without Penalties? Does it Have RMD?

IRA, or Individual retirement account, is a tax-advantaged savings account designed to help individuals save for retirement. There are two main types of IRAs: traditional and Roth. In this article, we will focus on the traditional IRA and answer some common questions about it.

When Does an IRA Come into Play?

An IRA can come into play when an individual wants to save for retirement and take advantage of the tax benefits that come with it. Unlike a 401(k) offered by an employer, anyone with earned income can contribute to a traditional IRA, regardless of whether they have access to a retirement plan at work. This makes it a great option for self-employed individuals, freelancers, or employees who are not offered a retirement plan by their employer.

Can You Save Taxes Now?

Contributions to a traditional IRA are typically tax-deductible, meaning that they can lower an individual’s taxable income for the year in which the contribution is made. This can result in immediate tax savings, as the amount contributed to the IRA is not subject to income tax for that tax year. However, there are income limits and restrictions on who can deduct their contributions, so it’s important to consult a tax professional to see if you qualify.

When Can You Withdraw Money Without Penalties?

Withdrawals from a traditional IRA are generally subject to income tax, and if you withdraw funds before the age of 59½, you may also be subject to a 10% early withdrawal penalty. However, there are some exceptions to this penalty, such as using the funds for a first-time home purchase, qualifying educational expenses, or certain medical expenses.

Does it Have RMD?

RMD, or Required Minimum Distribution, refers to the minimum amount that must be withdrawn from a traditional IRA each year once the account owner reaches age 72 (70½ if you reached 70½ before January 1, 2020). This ensures that the IRS can begin to collect taxes on the funds that have been growing tax-deferred within the account. Failure to take the RMD can result in a hefty 50% penalty on the amount that should have been withdrawn.

In conclusion, a traditional IRA can be a valuable tool for retirement planning, providing tax benefits and flexibility in managing your retirement savings. However, it’s important to understand the rules and restrictions that come with it, as well as to consult with a financial advisor or tax professional to maximize its benefits and avoid pitfalls.