Find an IRA

Great news! You qualify for both a Traditional and a Roth IRA.

To help you decide, take a moment to review the features of each option:

Traditional IRA

Save on taxes today
With a Traditional IRA, you can contribute up to $6,000 for this year while deducting $6,000 on your tax returns 1. You can also contribute $5,500 for the prior tax year while deducting $5,500 on your tax returns.The IRA contributions you deduct are fully taxable when you withdraw them; contributions you do not deduct are withdrawn tax-free.

Roth IRA

Save on taxes later
You can contribute up to $6,000 for this year to a Roth IRA with money you’ve already paid taxes on. 2 You can also contribute $5,500 for the prior tax year. You’ll pay no taxes on qualified withdrawals in the future. 3
1 This contribution amount assumes no other IRA contributions. Your deduction may be limited by your individual tax circumstances. Please consult your tax advisor if you have questions.

Certain products and services may not be available to all entities or persons. Results are based on your inputs and IRS regulations regarding age, adjusted gross income, spousal age, eligibility for an employer sponsored plan, and filing status disclosed in IRS publication 590-A. This publication is available at https://www.irs.gov/publications/p590a/index.html. This tool does not consider your complete financial situation and needs, or other inputs such as debt, other retirement assets or contributions, liquidity needs, and other receivables or obligations. Contact your tax advisor regarding the tax impact of any decision regarding potential savings strategies.

2 This contribution amount assumes no other IRA contributions.

3 A qualified withdrawal is any withdrawal made after five years of first contributing to any Roth IRA and you are one or more of the following: a) over age 59½, b) disabled, or, c) buying a first home.

Certain products and services may not be available to all entities or persons. Results are based on your inputs and IRS regulations regarding age, adjusted gross income, spousal age, eligibility for an employer sponsored plan, and filing status disclosed in IRS publication 590-A. This publication is available at https://www.irs.gov/publications/p590a/index.html. This tool does not consider your complete financial situation and needs, or other inputs such as debt, other retirement assets or contributions, liquidity needs and other receivables or obligations. Contact your tax advisor regarding the tax impact of any decision regarding potential savings strategies.
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