If you can’t decide which type of IRA is right for you, we're here to help!

Traditional IRA	Roth IRA
Contributions are pre-tax dollars (tax-deductible), but latter withdrawals for retirement are to be taxed. This is an excellent way to increase your tax-deferred savings.	If you expect to be in a higher tax-bracket later in life, a Roth IRA account might be more suitable. Roth IRA contributions are already taxed (not-tax-deductible), but earnings and qualified withdrawals are tax-free.
Tax Advantages
Tax-deductible* contributions Tax-deferred until you begin withdrawing funds Taxable withdrawals	Not tax-deductible contributions Tax-free* earnings Qualified withdrawals are tax-free
Am I eligible?
Anyone with earned income may contribute up to the age of 70½ yrs.	To make a full contribution, you must have a Modified Adjusted Gross Income of: For tax year 2018 Less than $120,000 if single ($189,000 if married filing jointly)
Contribution Limits Per Year
For tax year 2019 $6,000; $7,000 if age 50 or older For tax year 2020 $6,000; $7,000 if age 50 or older	For tax year 2019 $6,000; $7,000 if age 50 or older For tax year 2020 $6,000; $7,000 if age 50 or older Roth Conversion (converting a Traditional IRA to a Roth IRA) is available. *
Withdrawals
All earnings and deductible contributions are taxable upon withdrawal Penalties will be incurred if withdrawals are taken before age 59½ yrs., or if minimum withdrawals are not taken by April 1st of the year following the year age 70½ yrs. is reached Minimum distributions must begin at age 70½ yrs.	Contributions can be withdrawn at any time without taxes or penalties Earnings can be withdrawn with no taxes or penalties as long as you are at least 59½ yrs.. of age and the account had been open for at least 5 years No distribution requirements
Open an IRA Account

*Subject to certain restrictions. Please consult with your tax advisor.