Privacy Policy		• Traditional IRA • Roth IRA • Coverdell Education Account • Current Rates Traditional IRA Who Can Contribute?* Anyone under age 70 1/2 who has income from compensation (or who is filing jointly with a spouse who earns compensation) Tax Benefits Certain contributions are tax-deductible All earnings are tax-deferred Distributions for a first-time home purchase or higher education expenses are penalty-free Advantages Income limits have been raised so more people can make tax-deductible contributions Taxes on earnings are deferred until withdrawal - when your tax rate may be lower Tax-deferred compounding of earnings reduces your tax bill each year Qualified distributions are penalty-free for a first-time home purchase and higher education expenses *Annual contributions to a Traditional and/or Roth IRA must not exceed $2,000 or 100% of compensation, whichever is less. Roth IRA Who Can Contribute Anyone who has income from compensation (or who is filing jointly with a spouse who earns compensation) with the following MAGI^: up to $95,000 (single filers) up to $150,000 (joint filers) Tax Benefits Contributions are non-deductible, but qualified distributions (e.g., after age 59 1/2 or for a first-time home purchase) are penalty-free Distributions are penalty-free for: Higher education expenses Large medical expenses Certain health insurance premiums Advantages You may withdraw your contributions tax- and penalty-free at any time Earnings may be withdrawn tax-free and penalty-free under a variety of conditions Funds may be used for a first-time home purchase (lifetime limit is $10,000 per person) There are no required minimum distributions Contributions are allowed after age 70 1/2 as long as you earn income *Annual contributions to a Traditional and/or Roth IRA must not exceed $2,000 or 100% of compensation, whichever is less. ^MAGI is Modified Adjusted Gross Income as reported on your tax return. Coverdell Education Account Who Can Contribute?** Anyone who has income (or who is filing jointly with a spouse) with the following MAGI^: up to $95,000 (single filers) up to $150,000 (joint filers) Reduced contributions allowed for higher incomes (up to $110,000 for single filers and $160,000 for joint filers) Contributions not allowed: Once the beneficiary of the Education IRA reaches age 18 In any year that a contribution is made to a state tuition program for the same beneficiary Tax Benefits Contributions are non-deductible, but withdrawals of contributions and earnings for qualified higher-education expenses are tax-free Advantages You may withdraw your contributions tax- and penalty-free at any time You may transfer funds from one child's account to another child in the family **Annual contributions to all Education IRAs opened on a child's behalf must not exceed $500. ^MAGI is Modified Adjusted Gross Income as reported on your tax return.