Traditional Or Roth IRA: At-A-Glance Comparison

Traditional IRA Roth IRA Tax advantages Tax-deferred growth Tax-deferred growth Tax-deductibility of contributions Yes, subject to certain income and other limitations No Federal tax-free withdrawals of contributions No (except for nondeductible contributions) Yes, at any time Federal tax-free withdrawals of earnings No Yes, after age 59 ½ and if account has been open for at least 5 years Age limits You can make annual contributions up to age 70½ , though you must have earned income at least equal to your IRA contribution There is no maximum age limit to make contributions, though you must have earned income at least equal to your IRA contribution Rollovers from employer sponsored plans Yes No Annual contributions Yes Yes Mandatory withdrawals Yes, at age 70½ No

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Traditional IRA or Roth IRA - Which IRA is right for you?
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Traditional IRAs

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