Put this tax-advantaged plan on your side

Invest your pre-tax dollars in a traditional IRA and let it grow tax-free. Or invest your post-tax dollars in a Roth IRA and enjoy tax-free withdrawals on qualified dollars in retirement..

Traditional IRAs – Tax-deferred growth

  • You won’t pay taxes on your account until you withdraw the money.
  • Tax-deductible contributions - Qualify for full or partial tax deduction of annual contributions, if under the age of 70-1/2 earning income with no employer-sponsored qualified retirement plan.

Rollover IRAs – Continued tax-deferred growth

  • When you leave or change jobs, preserve the tax-deferred status of your retirement money.
  • Same tax-deductible contribution rules, withdrawal penalties and maximum contribution limits as a Traditional IRA.

ROTH IRAs – Tax-free income in retirement

  • Minimize taxes in retirement or leave assets to heirs tax-free.
  • Your after-tax contributions aren’t taxed again when you withdraw the money. Certain earned income conditions apply. Visit IRS for details
  • Tax-exempt growth of your contributions and investment earnings.

Inherited IRA

Talk with a Financial Advisor about options surrounding inherited IRAs, as well as seeking the advice of a tax professional to understand the full implications of tax laws that may apply.

Traditional IRAs at a glance

Annual Maximum Contribution
Additional Catch-up Contribution for Individuals Age 50+
Tax-Deductible Contributions
Minimum Required Distribution (MRDs) age
Minimum Age to Take Withdrawals Without Penalties
59 ½
Earnings Grow Federal Income Tax-Deferred
Annual Fee

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