**No taxes now. Yes taxes later. Stack with your 401(k)** Traditional IRAs are [[Tax-Deferred (aka [[‘pre-tax’)]]]] accounts, meaning contributions to a traditional IRA are tax-deductible. Withdrawals are not. Traditional IRAs (and [[Roth IRAs]]) are have contribution limits separate from the 401(k)-type accounts. **Meaning IRAs and 401(k) can be stacked to increase your overall contribution amount**. There are some income limits that may affect your ability to even contribute to a traditional IRA. Traditional IRAs and the other accounts listed above can be stacked, raising your overall ability to save in a tax-deferred way. **** # More ## Source - [[Ultimate List of Tax-Advantaged Accounts]] ## Related - [[Traditional 401k]] - [[Tax-Advantaged Accounts]] - [[Retirement Index]]