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Recommended for
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Members who expect to retire in a lower tax bracket or who need to roll over assets from a traditional employer-sponsored plan.
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Members who anticipate retiring at a higher tax bracket. Contributions aren’t eligible for a deduction, but there are more withdrawal options.
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Maximum Regular Contributions
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$7,000; $8,000 for those over age 50 at year-end
(Combined limit for Traditional and Roth).
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$7,000; $8,000 for those over age 50 at year-end
(Combined limit for Traditional and Roth).
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Income Limitations**
(2025 Tax Year)
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Contribution phaseout ranges:
Single & Head of Household: $79,000 - $89,000
Married, Filing Jointly: $126,000 - $146,000
Married, Filing Separate: $0 - $10,000
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Contribution phaseout ranges:
Single and Head of Household: $150,000 - $165,000
Married, Filing Jointly: $236,000 - $246,000
Married, Filing Separate: $0 - $10,000
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* Additional account details may apply. Consult your tax advisor for tax related questions.
**Tax deductions are based on you modified adjusted gross income (MAGI). If you're not covered by an employer plan but your spouse is, your deduction is limited if your MAGI is between $236,000 and $246,000, and eliminated if your MAGI is $246,000 or more. Please view IRS Publication 590 for more information about income limitations at www.irs.gov or see your tax advisor for more information. |