Traditional IRA Account

Qualifications:

• The maximum age to be able to contribute to a Traditional IRA is 70 ½.
• To contribute to a Traditional IRA, you must have earned income. If married, both spouses qualify to contribute to a Traditional IRA as long a one has earned income.

 Contributions:

• You may be able to deduct some or all of your contributions to a Traditional IRA.
• All interest earned is tax deferred until withdrawn.
• The contribution limit for accountholders under the age of 50 is $5,500.
• For those over the age of 50, the limit for contributions is $6,500.
• Your contribution can be split between a Traditional IRA and Roth IRA, but the combined contribution can not exceed these limits.

FOR DETAILED INFORMATION ABOUT ANY OF OUR ACCOUNTS, PLEASE CONTACT US FOR A COMPLETE ACCOUNT DISCLOSURE.