Traditional IRA Account

Roth IRA Account

Coverdell Educational IRA

What are your plans for the future like?

I need all the tax advantages I can get now, don’t really have plans for retirement, just know I should be doing something!

I’m on the downhill side now & will need more access than tax advantages in 6 to 10 years. I can almost see it!

I’m interested in helping my children prepare for their future – college is a lot closer than my retirement!

Annual Contribution

$5,000 or 100% of earned income (whichever is less) *

$5,000 or 100% of earned income (whichever is less) *

$2,000

Tax deductible contributions

Within qualifications

None

None

Contribution Age Limit & 

70 1/2

None

18

Distributions & Required Minimum Distribution

59 1/2; mandatory at 70 1/2

5 years after holding period and 59 1/2

by 30

Earnings

Tax deferred

Tax deferred 

Tax deferred 

IRA Savings

IRA Certificates

IRA Transfers

IRA Rollovers

Most appropriate for…

Just getting started…thinking about a systematic savings plan.

Starting to see savings grow & want to take advantage of higher returns…

Moving a Roth IRA that would perform much better at TBF than where it is…

Rolling over aprevious employer’s plan to TBF…

Considerations

Automatic transfer, payroll deduction for any amount.

Starting at $500.

Directly from one financial institution to another; unlimited number.

Funds are released to you & redeposited within 60 days; 1 rollover per 12 months.