Retirement & IRAs

whhwhh万豪会赌场会赌场 whhwhh万豪会赌场会赌场 offers both traditional and Roth IRA options. Created to encourage individuals to save for and manage their retirement, IRAs have the benefit of an interest-bearing investment, with the added bonus of potential tax deductibility, deferment, or even tax-free earnings.

Compare IRAs

comparison of IRAs (individual retirement accounts)

	Traditional IRA	Roth IRA
Who can contribute?	Anyone with earned income	Depends on modified adjusted gross income (MAGI)
How much can be contributed a year?	Under age 50: Up to $6,000; Over age 50: Up to $7,000	Under age 50: Up to $6,000; Over age 50: Up to $7,000
How does the account grow?	Tax-deferred growth	Tax-free earnings
When can withdrawals begin without penalties?	When owner is 59 1/2 years old	Once a five-year holding period has been met along with other guidelines
Are the contributions deductible?	All or part of the contribution is—if you qualify	Contributions are never deductible
When is federal income tax due?	Due upon withdrawal of earnings and deductible contributions	No federal income tax
How long can contributions be made?	Up to age 72	As long as income is earned
When does the IRA need to be distributed by?	Up to age 72	Does not have a mandatory distribution age

Contribution limits are subject to Cost-of-Living (COLA) adjustments. Additionally, if you have attained age 50 1/2 or older by the end of your taxable year, you are eligible to make catch-up contributions.

Your selection depends on a few factors—for example: age, income and whether you're investing in an employer plan. Get started saving for retirement now—no matter what stage of life you are in.

Additional product information and details for Fixed-Rate IRA Additional product information and details for Variable-Rate IRA