|Contribution limit available to you|
|What's the difference between these IRA's?|
|Contribution limit available to your spouse|
|What's the difference between these IRA's?|
Contributions are allowed at any age (including after age 70 1/2 if you have earned income.)
Earnings grow tax deferredWithdrawals after age 59 1/2 are taxed at your ordinary income tax rate.
Earnings grow tax deferredWithdrawals of your original contributions are free of federal taxes and penalties at any age.
This material is for informational or educational purposes only and does not constitute investment advice under ERISA, a securities recommendation under federal securities laws, or an insurance product recommendation under state insurance laws or regulations. This tool is intended to provide you with information to help you make informed decisions. You should not view or construe the availability of this tool as a suggestion that you take or refrain from taking a particular course of action, as the advice of an impartial fiduciary, as an offer to sell or a solicitation to buy or hold any securities, as a recommendation of any securities transactions or investment strategy involving securities (including account recommendations), a recommendation to rollover or transfer assets to TIAA or a recommendation to purchase an insurance product. In making this tool and information available to you, TIAA assumes that you are capable of evaluating the information and exercising independent judgment. As such, you should consider your other assets, income and investments and you should not rely on the information as the primary basis for making investment or insurance product purchase or contribution decisions. The information that you may derive from this tool is for illustrative purposes only and is not individualized or based on your particular needs. This material does not take into account your specific objectives or circumstances, or suggest any specific course of action. Investment, insurance product purchase or contribution decisions should be made based on your own objectives and circumstances. The purpose of the tool is not to predict future returns, but to be used as education only. The assumptions underlying this tool are provided here and will change over time and from time to time. Contact your tax advisor regarding the tax implications. You should read all associated disclosures.
The tools and information on this webpage permit you to view IRA contribution limits available based on information you specify. You should not view or construe the tools and information as a suggestion that you take or refrain from taking a particular course of action, as the advice of an impartial fiduciary, or as an offer to sell or a solicitation to buy any securities. In making the tools and information available to you, we assume that you are capable of evaluating the information and exercising independent judgment. You should not buy or sell any security without first considering whether it is appropriate for you based on your own particular situation. TIAA-CREF Individual & Institutional Services, LLC will not perform any suitability or other analysis to check, for example, whether a security you select is consistent with your investment objectives. If you would like help or advice choosing investments, please call us at 800-842-2252. We are here to help.
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 . 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.
TIAA-CREF Individual & Institutional Services, LLC, and its affiliates do not offer tax or legal advice services. Individuals should consult with a qualified independent tax advisor, CPA and/or attorney for specific advice based on the individual’s personal circumstances.
Investment, insurance and annuity products are not FDIC insured are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
Advisory services are provided by Advice & Planning Services, a division of TIAA-CREF Individual & Institutional Services, LLC, a registered investment adviser.
TIAA-CREF Individual & Institutional Services, LLC, and Nuveen Securities, LLC, Members FINRA and SIPC , distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Each is solely responsible for its own financial condition and contractual obligations.
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