Contributing to a traditional 401(k) could help reduce your taxable income now, but in most cases, you’ll pay taxes when you withdraw the money in retirement. Many, or all, of the products featured on ...

John Schmidt is the Former Assistant Assigning Editor for investing and retirement. Before joining Forbes Advisor, John was a senior writer at Acorns and editor at market research group Corporate ...

Andrew Martins is an award-winning journalist who has performed thousands of hours of research on small business products and services and technology. Over the last 12 years, he has also studied and ...

What Is a Traditional IRA? A traditional individual retirement account (IRA) is a retirement savings account that lets you invest pre-tax income to save for retirement. The key feature of this account ...