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Back to topTax And Real Estate Investing For Beginners: Learn About How A Self-Directed Ira: Guide Taxes For Beginners (Paperback)
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As we will see later, there are several types of IRA accounts available. The one most people think of when they think of an IRA is called a Traditional IRA. Generally, you get a tax deduction when you contribute money to a Traditional IRA. The money grows tax-free until you decide, or are forced, to make a withdrawal from your account. Though tax-free is the term often used, tax-deferred is a more accurate term.