Which IRA Is Right For You?

Which IRA is Right for You?
We can help you choose in minutes with our Easy IRA Selector.

Traditional IRA Contribution Amounts and Deadlines

Year	Maximum Contribution (if under age 50)	Maximum Contribution (if over age 50)	Contribution Deadline	Income Limits on Tax Deductibility
2013	$5,500	$6,500	04/15/2014
				Neither You nor Your Spouse in Employer Plan - Contribution is Fully Tax Deductible
				You're in an Employer Plan
				Single	$59,001-$69,000
				Married- Filing Jointly	$95,001-$115,000
				Married- Filing Separately	$0-$10,000
				Only Your Spouse in an Employer Plan
				Married- Filing Jointly	$178,001-$188,000
				Married- Filing Separately	$0-$10,000
Traditional IRAs must be established by the tax filing deadline (without extensions) for the tax year to which your qualifying contribution(s) will apply. Applications postmarked by this date will be accepted.

Roth IRA Contribution Amounts and Deadlines

Year	Maximum Contribution (if under age 50)	Maximum Contribution (if over age 50)	Contribution Deadline	Income Limits for Contributions
2013	$5,500	$6,500	04/15/2014
				Single	$112,001-$127,000
				Married- Filing Jointly	$178,001-$188,000
				Married- Filing Separately	$0-$10,000
Roth IRAs must be established by the tax filing deadline (without extensions) for the tax year to which your qualifying contribution(s) will apply. Applications postmarked by this date will be accepted.

Coverdell ESA Contribution Amounts and Deadlines

Year	Maximum Contribution	Contribution Deadline	Income Limits for Contributions
2013	$2,000	4/15/2014
			Single	$95,001-$110,000
			Married- Filing Jointly	$190,000-$220,000
Coverdell ESAs must be established by the tax filing deadline (without extensions) for the tax year to which your qualifying contribution(s) will apply. Applications postmarked by this date will be accepted.

Need Help Choosing a Small Business Retirement Plan?
We can help you select a plan in minutes with our Small Business Retirement Plan Tool.

SEP IRA/Profit Sharing/Money Purchase Contribution Amounts and Deadlines

Year	Maximum Contribution	Contribution Deadline
2012	$50,000	04/15/2013 (plus extensions)
2013	$51,000	04/15/2014 (plus extensions)
SEP IRAs must be established by the employer's tax filing deadline (plus extensions) for the tax year to which the qualifying contribution(s) will apply. Profit Sharing/Money Purchase accounts must be established by December 31.

SIMPLE IRA Contribution Amounts and Deadlines

Year	Maximum Contribution (if under age 50)	Maximum Contribution (if over age 50)	Contribution Deadline
2012	$11,500	$14,000	04/15/2013 (plus extensions)
2013	$12,000	$14,500	04/15/2014 (plus extensions)
SIMPLE IRAs must be established by October 1.

INDIVIDUAL AND ROTH INDIVIDUAL 401(K) Contribution Amounts and Deadlines

Year	Maximum Salary Deferral (if under age 50)	Maximum Salary Deferral (if over age 50)	Contribution Deadline
2012	$17,000	$22,500	12/31/2012
2013	$17,500	$23,000	12/31/2013
Year	Employer Profit Sharing/ Maximum Contribution* (if under age 50)	Employer Profit Sharing/ Maximum Contribution* (if over age 50)	Contribution Deadline
2012	$50,000	$55,500	04/15/2013 (plus extensions)
2013	$51,000	$56,500	04/15/2014 (plus extensions)
Individual 401(k) and Roth Individual 401(k) accounts must be established by December 31. * Total of employer profit sharing contributions and salary deferrals cannot exceed maximum contribution limit.