Traditional IRA
Earnings grow tax-deferred with this retirement account.
- No minimum to open
- Contributions may be tax deductible
- Earnings taxed when withdrawn
- Penalty-free withdrawals for
first-time home purchase and some college expenses - No withdrawal penalty or restriction after age 59½
- Annual contributions cannot exceed:
$6,000 (under age 50)
$7,000 (age 50 or older) - Print a Traditional IRA Information Sheet