This was what prompted my original question. The account I want to start has a $5000 minimum so I would have to use my post-tax dollars in my bank account to fund it. I might be misunderstanding how people fund TIRAs. If a TIRA requires pre-tax contributions how would you be able to fund it unless the money is taking out of your pay check directly, before tax is applied? Again I am trying to take advantage of the AGI reduction of $6000 from my contributions to the account for the year (the max contribution limit).
"A traditional IRA is a type of individual retirement account in which individuals can make pre-tax contributions and the investments in the account grow tax-deferred. In retirement, the owner pays income tax on withdrawals from a traditional IRA."
