Business Business IRAs Which Individual Retirement Account (IRA) provides the right tax advantages for you and your family? Several programs allow you to invest with different ways to handle the tax burden: Traditional IRA Roth IRA SEP IRA Key Features This IRA allows you to save for retirementwith pre-tax assets. You will defer payingtax until the funds are withdrawn atretirement. The Roth plan allows you to invest withafter-tax assets, which means you pay thetax up front and after-retirement withdrawalsare tax free. A Simplified Employee Pension IRA for the self-employed or small companies allows higher maximum contributions of pre-tax earnings each year.