Traditional IRA
Save for retirement the tax-advantaged way
Build Your Cushion
Contribute even if you're on an employer-sponsored plan.
Tax Advantages
Earnings grow tax-deferred. Contributions may be tax deductible.
Unique to You
Choose from a variety of investment options to grow your traditional IRA.
Traditional IRAs are an easy way to save
Watch your retirement grow with tax-deferred earnings.
Traditional IRA Contributions
Maximum contribution
If you're under the age of 50, you can contribute up to $6,500 per year.
Catch-up contribution
If you're between the ages of 50 and 70, you can contribute up to $7,500 per year.
Tax deduction
Your contribution may be tax deductible depending on your total income.
Traditional IRA Withdrawals
Minimum required distribution
If you're over the age 73, you're required to take a distribution.
Withdraw without penalty
If you're over the age of 59 1/2, you can withdraw penalty free, subject to normal income tax.
Penalty for early disbursements
Withdrawals made under the age 59 1/2 are subject to a 10% penalty fee except for certain exceptions.