Recommended for
Members who expect to retire in a lower tax bracket or if you need to rollover assets from a traditional employer-sponsored plan.
Members who anticipate retiring at a higher tax bracket. Contributions aren’t eligible for a deduction, but there are more withdrawal options.
Tax Implications*
Tax deferred earnings. Contributions may be tax deductible.
Tax deferred earnings. Regular contributions may be withdrawn tax and IRS penalty free. Withdrawals of earnings may be tax free.
Maximum Regular Contributions
$7,000; $8,000 for those over age 50 at year-end (Combined limit for Traditional and Roth).
Income Limitations** (2025 Tax Year)
Contribution phase-out ranges: Single & Head of Household $79,000 - $89,000 Married, Filing Jointly - $126,000 - $146,000 Married Separate $0 - $10,000
Contribution phase-out ranges: Single and Head of Household $150,000 - $165,000 Married, Filing Jointly $236,000 - $246,000 Married Separate $0 - $10,000
Contribution Deadline
Tax deadline for the year to which your contribution applies.