Traditional IRA

Get the basics

What is a Traditional IRA?


  • You can contribute up to $5,500 into your IRA for 2018 and $6,000 for 2019- If you're over 50 you can contribute an additional $1,000.
  • Contributions are often tax deductible.
  • Anyone with earned income can contribute until age 70½.
  • To Contribute Now


  • 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.


What makes TIAA IRAs different?

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

A wide array of investments

Flexible retirement income options

Next steps

Ready to open a Traditional IRA?

You can start online now, or give us a call at 844-TIAA-IRA.
Make sure you have info about your annual income and funding account handy.
Next steps

Speak with an IRA consultant

Give us a call

We’re here to help.
Weekdays, 8 a.m. – 7 p.m. (ET)

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Discover more

"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

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This material is for informational or educational purposes only and does not constitute a recommendation or investment advice in connection with a distribution, transfer or rollover, a purchase or sale of securities or other investment property, or the management of securities or other investments, including the development of an investment strategy or retention of an investment manager or advisor. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made in consultation with an investor’s personal advisor based on the investor’s own objectives and circumstances.
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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