Product Taxation at a Glance

US Individual Income Tax Return April 15

DEDUCTIBLE CONTRIBUTIONSTAX-DEFERRED EARNINGSAGE OF WITHDRAWAL WITHOUT AN ADDITIONAL TAX PENALTYAGE WHEN MINIMUM DISTRIBUTION IS REQUIRED
Product Taxation at a Glance
403(b) and 401(k) Retirement PlansYes
(your contributions, not your employer's).
Yes59½170½2
KeoghYesYes59½170½
Traditional IRAYes, up to $5,000
(if 50 or older, up to $6,000) in 2011 and 2012.3
Yes59½170½
Roth IRANo4Yes, and distributions, including earnings, are completely tax free if held five or more years if a distributable event has occurred.59½, and distributions, including earnings, are completely tax free if held five or more years if a distributable event has occurred. (Contributions may always be withdrawn tax free.)1N/A
After-Tax AnnuitiesNoYes59½190
529 College Savings PlansNo, but state deductions may be available.Yes, and qualified distributions, including earnings, are tax free.Qualified withdrawal rules vary from state to state. Nonqualified withdrawals may be subject to federal and state taxes, and possible recapture provisions for state tax deduction amounts.N/A
Universal Life InsuranceNoYesWithdrawals may be made at any time without tax penalty, unless the policy is a modified endowment contract (MEC). Withdrawals and loans from a MEC prior to age 59½ may give rise to an early withdrawal penalty of 10% of the amount subject to tax.N/A
Mutual FundsNoNoWithdrawals may be made at any time without tax penalty.N/A

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