Pioneer Investments: Traditional 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 Printable Version
Traditional IRA Features

Who May Establish Age Limit: 70½
Income Limit: none
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. Tax deduction depends on income level and participation in an employer's retirement plan. (See Guide to Traditional IRA Deductions).
Contribution Requirements Contributions are discretionary each year.
Withdrawals¹ Allowed anytime, subject to income tax. A 10% penalty may apply before age 59½.
Loan Feature Not available.

  1. 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.

 

Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your advisor or Pioneer Investments for a prospectus or summary prospectus containing this information. Read it carefully. To obtain a free prospectus or summary prospectus and for information on any Pioneer fund, please download it here.

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