H&R Block Easy IRA Types
- Traditional IRA: Contributions may be tax-deductible, and earnings are tax-deferred. Distributions at retirement are taxed as income (except for those portions of the distribution corresponding to contributions that were not deducted). You must begin taking distributions by April 1 of the year after reaching age 70½.129
- Roth IRA: Contributions are not tax-deductible; however, contributions can be withdrawn at any time tax-free. Earnings can be withdrawn without taxes or penalties if you are age 59½ and your account has been open five years or more.129
H&R Block Easy IRA Interest Rates130
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FDIC insured up to $250,000 per depositor for all deposit accounts and IRAs.