An IRA (Individual Retirement Account) is an account set aside specifically for retirement. They all come with various features, as listed in the chart below.
According to federal law, you can contribute:
$5,500 a year per individual
$11,000 for couples filing jointly
$6,500 for investors over 50
$13,000 for couples, both over 50
See our Current Rates.
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Roth | Traditional | SEP | |
Eligibility |
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Maximum Annual Contribution |
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Distributions |
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Advantages |
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