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Description/Features:
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Traditional IRA
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- Taxes deferred on earnings until withdrawn
- Penalty for withdrawals before age 59 ½
- Contributions can be tax-deductible*
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Roth IRA
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- Non-deductible investment*
- Allows tax-free withdrawals for specific reasons after 5 year holding period and
attaining age 59 ½
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Coverdell Education
Savings Account
(Formerly Education IRA)
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- Non-deductible investment for paying education costs *
- Allows contributions of $2,000 per year, per child until he/she reaches age 18
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* Consult your tax advisor. Certain restrictions may apply.