Traditional IRA

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Get the basics

What is a Traditional IRA?

Contributions

  • You can contribute up to $5500 into your IRA in 2016 —and $6500 if you’re over 50.
  • Contributions are often tax deductible.
  • Anyone with earned income can contribute until age 70½.
  • Contribute Now
 

Withdrawals

  • Must begin taking money out by age 70½.
  • Pay no taxes until you take money out.
  • Withdrawals are penalty free at age 59½.
  • More about Traditional IRAs
 
Get the basics

Traditional IRA benefits

Make contributions, regardless of your income.

Contributions are often tax deductible.

Pay no taxes until you take money out.

Why TIAA

What makes TIAA IRAs so special?

Advice and guidance at no additional costs to help you figure everything out*

A virtually unlimited array of investments

Flexible retirement income options

Take action

Ready to open a Traditional IRA?

Get started now, or give us a call at 844-TIAA-IRA.
 
Make sure you have info about your annual income and funding account handy.
Take action

Speak with an IRA consultant

Give us a call

We’re here to help.
844-TIAA-IRA
(844-842-2472)
Weekdays, 8 a.m. – 7 p.m. (ET)
 

Request a callback

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Discover more

Stories
"I contribute as much as I can to my 401(k) and IRA; it gives me peace of mind about retirement."
Kim Emery
University culinary instructor
Participant since 2003
Insights

New to investing?

Get the basics if you’re just starting out.
Products

Make sure you’re covered

Do you have enough life insurance?
1 Prior to rolling over, consider your other options. You may also be able to leave money in your current plan, withdraw cash or roll over the assets to your new employer’s plan if one is available and rollovers are permitted. Compare the differences in investment options, services, fees and expenses, withdrawal options, required minimum distributions, other plan features, and tax treatment. Speak with a TIAA Consultant and your tax advisor regarding your situation. Learn more .
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Certain securities may not be suitable for all investors. Brokerage Services are provided by TIAA-CREF Brokerage Services, a division of TIAA-CREF Individual & Institutional Services, LLC.
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