topic How do I know what kind of IRA i have ? in Retirement tax questions

How do I know what kind of IRA i have ?

melissa12617 — Sat, 01 Jun 2019 04:40:53 GMT

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?

You should be getting periodic statements from Wells Farg...

DexterS — Sat, 01 Jun 2019 04:40:53 GMT

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.