Traditional IRAs

Unlike a Roth IRA, you won't pay taxes as you contribute. Instead, you will defer taxes so your contributions can grow tax free. You'll pay tax as you withdraw during retirement ^[1],[2]

A Direct Rollover IRA allows an individual to retain tax-deferred status when rolling over funds from a qualified retirement plan, like a pension plan or 401K plan

Make non-deductible contributions of up to $7,000 during the 2025 tax year.

Individuals age 50 and older may make contributions of up to $8,000

The Internal Revenue Service allows you to make only one tax free IRA-to-IRA rollover during a 12 month period. This new limit applies no matter how many IRAs you own or where you hold them

You can make a Traditional IRA Contribution at any time. You have until April 15th to make a Prior Year Contribution

You can make unlimited trustee-to-trustee direct transfers between IRAs

IRA contributions are tax deductible for individuals who are not active participants in qualified retirement plans

• For active qualified plan participants, a tax deduction may be available - depending on income levels and marital status

A taxable distribution from your traditional IRA prior to attaining age 59 ½ may be subject to IRS 10% early distribution penalty. The 10% penalty will not apply if an exception applies

You can continue to make contributions to a Traditional IRA up to any age, provided you have working income. Unemployment, pension income, social security do not qualify

Minimum required distributions must start the year you attain the age of 73