Turbinado Sugar & Sucanat. Popularized by the ubiquitous Sugar in the Raw brand found in every Starbucks shop and many supermarkets, the coarsely grained, light-brown turbinado sugar gets its name from the turbines that are used to process it.
Traditional IRA contributions are tax deductible on both state and federal tax returns for the year you make the contribution, while withdrawals in retirement are taxed at ordinary income tax rates. Roth IRAs provide no tax break for contributions, but earnings and withdrawals are generally tax-free. So with traditional IRAs, you avoid taxes when you put the money in. With Roth IRAs, you avoid taxes when you take it out in retirement.
Is a Roth IRA right for you? A Roth IRA is an individual retirement account that offers the opportunity for tax-free income in retirement. Annual contributions are taxed upfront and all earnings are federal tax-free when they are distributed according to IRS rules. This is much different than a Traditional IRA, which taxes withdrawals. Contributions can be withdrawn any time you wish and there are no required minimum distributions after age 70Â½. If you are in a lower tax bracket today than you will be during retirement, a Roth IRA may be a smart choice. Benefits of a Roth IRA Withdrawals of earnings are free from federal income tax, provided the Roth IRA has been in existence for five years and you are at least 59Â½. Contributions can be withdrawn anytime without federal income taxes or penalties.