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Which nest is best for your egg?

Choose the Individual Retirement Account (IRA) that’s right for you. Start yours with an advisor or open it yourself online.

Traditional or Roth? It’s (mainly) a matter of taxes.

Compare the major differences between these accounts to see which fits your situation.

Traditional IRA

Traditional IRA1

You might go this route if you want to potentially reduce your taxable income now and pay taxes on withdrawals you make in retirement.

  • You (or your spouse) must receive taxable earned during the year.
  • You must be under age 70½ at year’s end.
  • Your contributions may be tax-deductible if certain conditions are met.
  • Taxes are assessed when you take money out.
  • You can contribute up to $5,500 in 2016 if you’re under 50.
  • If you’re 50+, you can contribute up to $6,500 in 2016.
Roth IRA

Roth IRA2

This may work for you if you don’t mind being taxed when you invest—so you can make tax-free withdrawals when you reach retirement.

  • You (or your spouse) must receive taxable earned during the year.
  • Your contributions are made after you’re taxed.
  • You don’t pay taxes when you take money out.
  • You can contribute up to $5,500 in 2016 if you’re under 50.
  • If you’re 50+, you can contribute up to $6,500 in 2016.
  • Contribution limits may vary depending on your income.

Retirement questions? Ask one of our specialists.

Call 1-855-676-2344

Monday–Friday, 8 a.m.–9 p.m. ET

Ready to do it yourself?

Open an Online Account

Have retirement assets elsewhere?