Traditional IRA

Perfect for long-range planning goals, the tax-deductible Traditional IRA allows you to invest up to $6,000 of your earned income in a tax-deferred account. When you take your distribution, the income is treated as ordinary income and is subject to tax.

Traditional IRA Benefits

• Contribute up to $6,000 ($7,000 if you are age 50 or older)
• Enjoy tax-deferred growth until you withdraw money
• Contributions may be tax-deductible depending on your income, tax-filing status, and other factors.
• Distributions can be taken as early as age 59½

Roth IRA

A Roth IRA is similar to a Traditional IRA in its annual contribution limit of $6,000. The difference is that you fund the Roth IRA with after-tax dollars and pay no income tax on qualified distributions.

Roth IRA Benefits

• Contribute up to $6,000 ($7,000 if you are age 50 or older)
• Pay no income taxes or penalties on qualifying withdrawals
• Choose a savings IRA or brokerage IRA option

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