We can help put an IRA to work for your clients’ retirement savings

BENEFITS

Earnings grow tax-deferred until withdrawn.

Clients may qualify for a tax deduction on contributions if within certain household income limits.

Contributions are made with after-tax money; therefore, withdrawals from contribution amount (basis amount) are always tax-free. Earnings are also tax-free for qualified withdrawals.

No required minimum distributions (RMDs) from the original owner.

Clients changing jobs or retiring can enjoy continued tax-deferred growth or a consolidation opportunity.

(A rollover of pretax savings from an employer plan to a traditional IRA is not a taxable event. A rollover of pretax savings to a Roth IRA is a taxable event.)

PRICING

$10 one-time setup fee

$10 annual custodian fee

$10 one-time setup fee

$10 annual custodian fee

No fee for rolling over the account

$10 setup and $10 annual fee for a traditional or Roth IRA

ELIGIBILITY

Anyone who earns income through employment

A nonworking spouse who files a joint return that includes earned income

2025

Single filer, with modified adjusted gross income (MAGI)^*of:

• $150,000 or less — full contribution

• $150,001–$164,999 — partial contribution

• $165,000 or more — not eligible

Joint filers, with MAGI of:

• $236,000 or less — full contribution

• $236,001–$245,999 — partial contribution

• $246,000 or more — not eligible

Married, filing separately, with MAGI of:

• $0–$9,999 — partial contribution

• $10,000 or more — not eligible

CONTRIBUTION LIMITS^†

For 2025, the lesser of 100% of taxable compensation or $7,000 ($1,000 catch-up for owners age 50 or over); or $14,000 for couples filing jointly ($16,000 if both age 50 or over).

Same as traditional IRA, subject to eligibility restrictions based on MAGI (noted above).

To compare additional IRA features like deductibility, prior-year limits and more, refer to Compare traditional and Roth IRAs.

Get answers to common questions about IRA rollovers.