Traditional IRA

A Traditional IRA is a tax-qualified savings account for individuals that allows you to set aside money for retirement. All earnings in a Traditional IRA are tax-deferred until withdrawn by the IRA owner or his/her beneficiary. Anyone who is under age 70 ½ and has earned income is eligible to contribute to a Traditional IRA.

Traditional/Roth Contribution Limits


Standard Contribution

Catch-Up Contribution
(for ages 50 or older)

2024 and on
Indexed with Inflation

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