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Individual Retirement Accounts (IRAs)
- Traditional, Educational and Roth IRAs available
- Save for retirement, education or first-time home purchase
- Contribute up to $5,000 a year
- Tax advantages apply (consult your tax advisor)
Traditional and Roth IRA Contribution Limits
Tax Year 2008
*Also Applies to Spousal Contributions |
$5,000 |
| Tax Year 2009 |
$5,000 |
Catch Up Contributions
| Individuals 50 & over (must reach 50 by the end of the year) can make catch-up contributions. |
| Tax Years 2008 |
Additional $1000.00 deposit |
| Tax Years 2009 |
Additional $1,000.00 deposit |
| These catch-up contributions can be deductible |
Educational IRAs
$2,000 per year
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