Pioneer Investments: Traditional IRA Features

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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.


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