How do I know what kind of IRA i have ?

[melissa12617]

I have an IRA account with Wells Fargo but I dont know if it's a roth IRA or traditional.. I pay into it every pay period from my paycheck so taxes have already been deducted before the money goes into it. What kind of IRA is this?

[DexterS · Accepted solution]

You should be getting periodic statements from Wells Fargo.

Look at how they have titled the account.

If it's a ROTH account it will say it's a ROTH.

If it doesn't say that, then it's a Traditional IRA.