Taxes and Retirement Planning

Begin with the basics – how much can you contribute this year and how an IRA can potentially help reduce taxes.

• IRA contribution limits and eligibility
• Retirement plan contributions at a glance (PDF)*
• Why open an IRA?
• Saver’s tax credit (PDF)*

Roth and Traditional IRAs have different tax implications.

• Compare Traditional vs. Roth IRAs
• Converting to a Roth IRA
• Traditional and Roth IRA overview (PDF)*

IRAs have rules for making contributions and taking distributions, but there are other rules and strategies you may not be as familiar with. Learn more by reading the below.

• Comparing your IRA choices (PDF)*
• Five beneficiary planning strategies (PDF)*
• The pro-rata rule for after-tax money in an IRA (PDF)*
• How to correct excess IRA contributions (PDF)*
• Review IRA FAQs