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IRAs

Smart ways to save for Retirement

Looking for a nice nest egg for your retirement years? Two good ways to do it are with a Traditional IRA or a Roth IRA. We'd be happy to discuss how to put one or both to work for you.

A Traditional IRA may make sense if you:

Are eligible for a Traditional IRA deduction
Are not eligible to contribute to a Roth IRA 
Anticipate a higher tax rate while saving 
Anticipate a lower tax rate during retirement 
Are interested in taking required minimum distribution (RMD) amounts during retirement
Are concerned about tax savings for beneficiaries

A Roth IRA may be more fitting if you:

Are not eligible for a Traditional IRA deduction
Anticipate a lower tax rate while saving 
Anticipate a higher tax rate during retirement 
Want to avoid required minimum distributions (RMDs)
Are concerned about tax savings for beneficiaries 
Are not eligible to contribute to a Traditional IRA because of the age limit

VIEW ALL RATES AND FEES ASSOCIATED WITH IRAs 

 

2023 IRA Contribution Limits
AgeTraditional Roth
Less than 50 $6,500 $6,500
50* or older $7,500 $7,500
*Reaches age 50 before the close of the year for which the contribution is made

For more information on IRAs click on any of the following brochures:

Traditional and Roth IRAs

Traditional IRAs

Roth IRAs

Transfers, Rollovers, Conversions

IRA and Retirement Plan Distributions

Inherited IRAs

 

Retirement FAQs

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Have Questions?

If you have additional questions, call us at 1-800-721-8288 or visit a TCT branch to meet with a Member Service Specialist. 

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