A traditional IRA is not the same as a simple correct?

helolover · ‎March 1, 2025

AnnetteB6 · ‎March 1, 2025

Correct, a Traditional IRA and a Simple IRA are not the same type of account.

Take a look at the information in the following IRS link to learn more about each type of account:

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

AnnetteB6 · ‎March 1, 2025

Correct, a Traditional IRA and a Simple IRA are not the same type of account.

Take a look at the information in the following IRS link to learn more about each type of account:

Types of retirement plans

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

dmertz · ‎March 1, 2025

A SIMPLE IRA is one of the several types of traditional IRAs. Your IRA account statement will indicate whether the particular IRA in question is a SIMPLE IRA.

Expert does your taxes

Do it yourself

Resources

Support

A traditional IRA is not the same as a simple correct?