Roth IRAs

The Roth IRA differs from Traditional IRAs in that funds contributed are not tax deductible.

These contributions consist of after-tax dollars. When funds are withdrawn from a Roth IRA, interest earned is tax-exempt as long as the Roth IRA holder meets certain criteria at the time of withdrawal.

Investors would benefit from a Roth IRA if they:

Expect to be in the same or an even higher tax bracket at retirement age,
Already contribute to a 401k or other company plan, or
Want to continue to contribute to an IRA Plan after age 70½.
Eligibility to contribute to a Roth IRA is based on your Modified Adjusted Gross Income (MAGI). You may be actively contributing to a 401(k) Plan and also be eligible to contribute to a Roth IRA.
Contributions can be made up until your tax-filing deadline, generally April 15, for a prior year contribution.
Eligible individuals may contribute the lesser of the annual contribution limit or 100% of their earned income to a Roth IRA.
Individuals over age 70 ½ may continue to make contributions to a Roth IRA as long as they have earned income.
You may contribute to both a Traditional and a Roth IRA for a combined total up to the annual contribution limit.

Year	Annual Contribution Limit
2019	$6,000
2018	$5,500
Catch-up Amount (Ages 50+)	$1,000

Year

Annual Contribution Limit

2019

$6,000

2018

$5,500

Catch-up Amount (Ages 50+)

$1,000

If you are:	2019 Modified Adjusted Gross Income (MAGI) is	2018 Modified Adjusted Gross Income (MAGI) is	Then
Single Individual	- Less than $122,000 - $122,000 to $137,000 - Greater than $137,000	- Less than $120,000 - $120,000 to $135,000 - Greater than $135,000	- Contribution amount can be up to annual limit - Contribution amount decreases as income increases - Customer is not eligible to contribute
Married Individual Filing Jointly	- Less than $193,000 - $193,000 to $203,000 - Greater than $203,000	- Less than $189,000 - $189,000 to $199,000 - Greater than $199,000	- Contribution amount can be up to annual limit - Contribution amount decreases as income increases - Customer is not eligible to contribute
Married Filing Separate	N/A < $10,000 >= $10,000	N/A < $10,000 >=$10,000	- Contribution amount can be up to annual limit - Contribution amount decreases as income increases - Customer is not eligible to contribute

If you are:

2019 Modified Adjusted
Gross Income (MAGI) is

2018 Modified Adjusted
Gross Income (MAGI) is

Then

Single Individual

- Less than $122,000
- $122,000 to $137,000
- Greater than $137,000

- Less than $120,000
- $120,000 to $135,000
- Greater than $135,000

- Contribution amount can be up to annual limit
- Contribution amount decreases as income increases
- Customer is not eligible to contribute

Married Individual Filing Jointly

- Less than $193,000
- $193,000 to $203,000
- Greater than $203,000

- Less than $189,000
- $189,000 to $199,000
- Greater than $199,000

- Contribution amount can be up to annual limit
- Contribution amount decreases as income increases
- Customer is not eligible to contribute

Married Filing Separate

N/A
< $10,000
>= $10,000

N/A
< $10,000
>=$10,000

- Contribution amount can be up to annual limit
- Contribution amount decreases as income increases
- Customer is not eligible to contribute

Investors would benefit from a Roth IRA if they:

IRA Eligibility MAGI Thresholds – Contribution Table

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