1 Suppose, for example, that we conducted a survey to estimate the average weight of high school students. 2  Since we are only working with one variable (weight), we would be working with univariate data. 3  Bivariate data.
Contributing to a traditional IRA can create a current tax deduction, plus it provides for tax-deferred growth. While long-term savings in a Roth IRA may produce better after-tax returns, a traditional IRA may be an excellent alternative if you qualify for the tax deduction. Use this traditional IRA calculator to view the amount that could be saved using a traditional IRA. Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator.
You then put $5,000 into IRA, but there is no tax deduction. You end up contributing money on which tax has already been paid (hence the term post-tax), but you will NOT owe income tax when eventually you take moeny out of your IRA. Finally, answer to your question. There are two types of IRA: traditional IRA and Roth IRA. Contributions to Roth IRA are always post-tax. Contributions to traditional IRAs are usually pre-tax but sometimes are post-tax. By the way, post-tax traditional IRA are usually a bad idea. Michael Plaks, EA, Houston TX www.MichaelPlaks.com