IRAs

View IRA Rates

Roth IRA

• Contributions are not tax deductible. Qualified withdrawals are tax-free.
• Earnings grow tax-deferred.
• Withdraw contributions tax-free any time. Withdraw interest earned free of any IRS penalties after five years for qualified reasons or for any purpose after the age 59 1/2.
• Contributions can be made after age 73 (if eligibile).
• Unlike Traditional IRAs, distributions are not required at age 73.
• Transfer funds from existing Traditional IRAs to a new Conversion Roth IRA (subject to taxation).
• This is a fixed rate option.

Traditional IRA

• Contributions may be tax deductible. Qualified withdrawals are taxable income.
• Contributions to a Traditional IRA may be fully or partially deductible depending on your income level and whether or not you are considered an active participant in an employer-sponsored plan.
• Earnings are tax deferred until withdrawn.
• Withdrawals before age 59 1/2 may be made without penalty (if eligible)
• Required Minimum Distributions at age 73.
• Choose fixed or variable rate options.

IRA Contribution Limits per Year

Year	Age 50 & Below	Age 50 & Above
2025	$7,000	$8,000

(Source www.irs.gov)