TRADITIONAL IRA
............Enjoy Tax-Deferred Growth
with a Traditional IRA
Features
- Earnings aren’t taxed until withdrawn
- Contributions may be tax-deductible
- Mandatory distributions begin at age 73
- Accepts rollovers from other IRAs and employer retirement plans
- FDIC insured up to the maximum amount allowable by law
Eligibility
- You must earn compensation (or your spouse must earn compensation if you file a joint tax return)
Requirements
- Minimum deposit: $100
- Contributors under age 50 may contribute up to $7,500 in 2026
- Contributors age 50 or older may contribute up to $8,600 in 2026
- Contributions cannot exceed the compensation
Please consult your tax professional for tax rules regarding IRAS.
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