A Traditional IRA account is created for the benefit of an individual saving for retirement, and only the account owner can contribute to it. Contributions to a Traditional account are made with pre-tax dollars and earnings accumulate tax-free, but any withdrawals will be taxed. There are age requirements and contribution limits for these accounts.
CFP® certification is a voluntary certification granted in the United States by Certified Financial Planner Board of Standards, Inc. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Individuals who become certified are required to complete continuing education.