- An Individual with compensation in a tax year is eligible.
- Contributions are not tax deferred.
- Can continue to contribute after the age of 70½.
- Tax credit can be applied but subject to MAGI limits.**
- Minimum to Open and Earn Interest: $500.00*
- Interest cycle is annually or at maturity
*Contribution Limits Apply
**MAGI (Modified Adjusted Gross Income) Limits Apply
Please consult a tax advisor for guidance and comprehensive information about IRA's and other tax-related issues.