Roth IRA Features


	Individual Retirement Plans

	Pioneer Roth IRA

		Why Consider Roth?

		Guide to Roth Contributions

		Features

		FAQs

	Roth Conversions

		Making the Decision

		Taking Money Out

	Retirement Planning

		Retirement Savings Opportunities

		Traditional IRA and Roth IRA Comparison

		How Tax Deferral Works

		Taking Your Required Minimum Distribution

	Pioneer Traditional IRA

		Guide to IRA Deductions

		Features

		FAQs

	Coverdell Education Savings Account

	Required Minimum Distributions

	403(b)


Home Retirement Center Individual Retirement Plans Features

2013 Roth IRA Features

Who May Establish	Age limit: none. Income limit:¹ $127,000 (single tax return)² $188,000 (joint tax return).²
Establishment Deadline	April 15
Contribution Deadline	April 15
Annual Contribution Limit	$5,500 for each working individual ($11,000 in total for a working and non-working spouse). Additional $1,000 is allowed if individual is age 50 or older. No tax deduction available.
Contribution Requirements	Contributions are discretionary each year.
Withdrawals³	Allowed anytime. Entirely tax-free if certain conditions are met. Otherwise, earnings subject to income tax; a 10% penalty tax may apply before age 59½.
Loan Feature	Not available.

The $5,500 ($6,500 if age 50 or older) maximum Roth IRA contribution is reduced for those with Adjusted Gross Income (AGI) between $112,000-$127,000 (single) and $178,000-$188,000 (joint).
For 2012, income limits were $125,000 (single); and $183,000 (joint tax return).
Certain states require state withholding if you elect (or are required) to have federal income tax withheld from distributions. Contact the State Department of Revenue for more information.

This material is not intended to replace the advice of a qualified attorney, tax advisor, investment professional, or insurance agent. Before making any financial commitment regarding the issues discussed here, consult with the appropriate professional advisor.