Skip nav to main content.

What is the difference between a Traditional IRA and a Roth IRA?

A Traditional IRA will reduce your initial tax burden, since you can deposit the money without paying taxes on it, but you will pay taxes on your distributions in retirement. For a Roth IRA, you will pay taxes upfront, but won’t have to pay any taxes on the money when you withdraw it in retirement. Currently, OAS FCU only offers Traditional IRAs and Traditional IRA Certificates.