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IRAs

Whether your retirement is just around the corner or decades away, our retirement options at Advancial can help you construct a solid plan so you can retire comfortably. Use the table below to find the retirement plan that suits you. 

Effective January 1, 2015, you may only roll over one IRA distribution in any 12-month period, regardless of how many IRAs you own.

  Traditional IRA Coverdell Education IRA Roth IRA
 
Recommended for: Members below the age of 70 ½ who would like to save for retirement. Members who would like to save money for a family member's education. Members who would like to save for retirement, but will not need to access their money for at least five years.
Maximum Yearly Contribution $5,500 per year or 100% of earned income. Married members filing jointly may contribute up to their spouses' IRA additional $5,500 amount. $2000 per child $5,500 per year or 100% of earned income. Married members filing jointly may contribute up to their spouses' IRA additional $5,500 amount.
Tax Deductible Contributions Normally 100% deductible Non-deductible Non-deductible
Tax Exempt/Deferred Earnings Deferred Deferred Deferred or Exempt Depending on the Circumstances
Required Minimum Distribution Required at age 70 ½ None None
Certificates Available Yes Yes Yes

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