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Retirement Planning > Individual Investors > RothIRAsWhat is the deadline for contributing to an IRA? What is the deadline for contributing to an IRA for 2018? How much can I contribute to my IRA for 2018 or 2019? What are the IRA contribution limits for 2018 and 2019?

What is a Roth IRA and how does it work? How much does a Roth IRA earn yearly? Who is eligible for a Roth IRA?

 

Roth IRA Contribution and Deduction Limits ~ 2020


Traditional IRAs

Roth IRAs

Rollover IRAs IRA FAQs

Funding Reference


How much can I contribute to a Roth IRA (if I am eligible to make a contribution)?


Quick Links:

What are the Roth IRA Contribution Limits? For both 2019 & 2020: $6,000 ($7,000 age 50 and better) 

What is the deadline for contributing to an IRA? 

Am I eligible to make a tax-deductible IRA contribution? Is my Roth contribution tax-deductible? 

How late can you contribute to a Roth IRA for 2019? What is the deadline for making a Roth IRA contribution?

 

What are the Roth IRA contribution limits for 2020? How much can I contribute to IRA 2019?  

IRA Contribution Limits

Roth IRA contributions are made on an AFTER-tax basis and whether or not you are eligible to contribute is based on both your income and filing status. How much you can contribute is additionally impacted by your age with catch-up contributions for individuals age 50 and up.

Please Note: For 2019 and 2020, your total contributions to all of your traditional and Roth IRAs (combined for the given tax year) cannot be more than:          

 

Under Age 50  

 

Total

Under Age 50  

 

Over Age 50

Additional 

 Total

Over Age 50

2020* **

$6,000

Catch-up Contribution

$1,000

$7,000

2019* **

$6,000

Catch-up Contribution

$1,000

$7,000

 Source: irs.gov

You may make an eligible contribution for your 2020 Traditional or Roth IRA at any time prior to the 2020 IRS tax filing deadline which is Thursday, April 15, 2021. (Your account must be funded or have proof of postmark by this date! For brokerage accounts - please check to see our clearing firm's required cutoff date for eligible contributions.) We can generally open and fund accounts (make your contributions) with investment companies (think mutual funds) right up to the deadline (as long as you can get your contributions postmarked before the deadline).

The same general contribution limit applies to both Roth and Traditional IRAs. However, your Roth IRA contribution might be limited based on your filing status and income.

"Total" means your total contributions to all of your Traditional and Roth IRAs combined for the given tax year. You cannot exceed the total amount/contribution limit regardless of how many IRAs you have or the type/types of IRA(s) that you may have.

*Or your taxable compensation for the year.

** Effective for the tax year 2002 and beyond, for participants who are eligible to make an IRA contribution and have attained the age of 50 before the end of the taxable year, the participant can make a "catch-up" contribution in addition to the normal contribution amount as shown in the table above. The catch-up contribution was $500 from 2002-2005. For the year 2006 and beyond, the catch-up contribution limit will be $1000. The maximum contribution cannot exceed 100% of the actual compensation. Learn more about COLA Increases for Dollar Limitations on Benefits and Contributions from the IRS.

 

Please note that the IRA contribution limit does not apply to:

  • Rollover contributions
  • Qualified reservist repayments

Deductibility limits can be confusing and tax laws are frequently changing. It is always best to review your specific situation and/or circumstances with a qualified tax advisor.

Roth IRA contributions are made on an AFTER-tax basis. What does this mean? It means that you use money that you have already paid taxes on and that you won't get a tax break on the money that you put in your Roth IRA today (like you could if you contributed to a Traditional IRA with money that you haven't paid taxes on yet). The Roth IRAadvantage: No tax break today means that you should not have to pay taxes on your money when you take it out in retirement.

 

IRAs - Traditional, Roth, SEP, Rollovers and Inherited


 


 

What is the deadline for contributing to an IRA? What is the deadline for contributing to an IRA for 2018? 

Traditional & Roth IRA Contribution Deadlines

 

 

2020

For the 2020 tax year (ending December 31, 2020), you can make eligible contributions to an IRA (Traditional or Roth IRA) between January 1, 2020 and Monday, April 15, 2021.

 

2019 

For the 2019 tax year (ending December 31, 2019), you may make eligible contributions to your 2019 Traditional or Roth IRA at any time prior to the 2019 IRS tax filing deadline which is on Wednesday, July 15, 2020.* Looking for more info on contributing to a 2019 IRA? Check these out: Roth IRA Limits 2019  Traditional IRA Contribution Limits 2019

 

IRAs - Traditional, Roth, SEP, Rollovers and Inherited


 

Can I still put money in my IRA for last year? What is the deadline to contribute to an IRA for this year or last year?
Why Should You Open an IRA? Why Should I Open an IRA?

Are you eligible to make a Roth IRA contribution?

First, Let's double-check to see which type of retirement account you want to contribute to today. If you are looking for a tax break and wish to make a tax-deductible contribution today, then you should consider a Traditional IRA instead of a Roth IRA. If you want to make an after-tax contribution to your retirement plan today, then you should continue on this page and check out our Roth IRA page for more information as well. 

 

 
Is my Roth contribution tax-deductible?

 

No, Roth IRA contributions are not tax-deductible. If you would prefer to enjoy the tax benefits when you take the money out then you should continue reading below. Otherwise >>>

 

 
I want to make a tax-deductible contribution to my retirement plan!

 

Since Roth IRA contributions are not deductible, you may wish to consider contributing to a Traditional IRA instead.

 

 

 

Whether or not you are eligible to make a (non-deductible) Roth IRA contribution this year depends on several factors. To help you get started, we have listed a few of the important questions that you should ask yourself (and review with your tax and/or legal advisor) to find out if you may be eligible to make a contribution to your Roth IRA this year:

 

 

Can I contribute to a Roth IRA? 

 

Will your 2020 contribution to a Roth IRA be affected by the amount of your modified AGI (how much you earn for tax purposes)?

 

How to figure the amount of your reduced Roth IRA contribution 

 

Can I contribute to a Roth IRA if I participate in a retirement plan at work?

 

Can I contribute to both a Roth IRA and a Traditional IRA in the same year?

 

How much can I contribute to a Roth IRA (if I am eligible)? 

 

Can I make a contribution to an IRA after age 70½? 

 

 

 

Find out if you can make an after-tax (non-deductible) contribution to your Roth IRA based on your personal situation. Will the effect of modified AGI impact your ability to make a contribution to your Roth IRA? Be sure to review your personal situation with your tax advisor prior to making any tax-related decisions or investments.

      

IRAs - Traditional, Roth, SEP, Rollovers and InheritedIs my IRA contribution deductible? Can I deduct my ira contribution? Is my Roth IRA Contribution deductible? Can I deduct the money that I put in my Roth IRA?

Can you contribute to an IRA if you have a retirement plan at work?

How much can I contribute to IRA 2018?

Can I contribute to a Roth IRA if I participate in a retirement plan at work?
 

You can contribute to a Traditional or Roth IRA whether or not you (or your spouse) participate in another retirement plan through your employer or business. However, it is important to note that:

  • Traditional IRAs: You may not be able to deduct all of your traditional IRA contributions if you or your spouse participate in another retirement plan at work. View Deductibility Limits for 2019 Traditional IRAs and for 2020.
  • Roth IRAs: You may not be able to make a Roth IRA contribution or your contribution may be limited if you make too much money. Please review the chart below to see if you are eligible to make a Roth IRA contribution. Please remember that Roth IRA contributions are NOT tax-deductible.

 


 

 

Can I contribute to both a Roth IRA and a Traditional IRA in the same year?

 

Yes, if eligible, you can contribute to both a Traditional and Roth IRA in the same tax year. However, it is important to note that your total contributions to all of your traditional and Roth IRAs (combined for the given tax year) cannot be more than you are eligible for under the given year's IRA Contribution Limits. You cannot double down and put the maximum in each.

Think of it like this: if you are under 50* and you are fully eligible to make the maximum contribution for the year ($6,000 in 2019 & $6,000 for 2020), you can put a total of the maximum away ($6,000 in 2019 and another $6,000 in 2020) in either a Roth, a Traditional IRA or in any combination of the two as long as you do not exceed the annual contribution limit. *50 and over allows catch up contributions of an additional $1,000.

 

   

 

For example,

You could split it 50/50 and put $3,000 in each or you could put $500 in your Roth IRA and $5,500 in your Traditional IRA.

You can split it up any way that you would like - just keep in mind that it may not make sense to have an IRA with a super low balance in it because you may not be able to do much with it (as far as diversifying goes) and you may incur account fees (at most firms) that could eat into your long term saving goals. 

 

   

 

The amount that you put in the Traditional IRA will be tax-deductible now and the amount that you put in the Roth will receive tax benefits when you take the money out (unless there are changes to the tax laws or you take an unqualified distribution - which, of course, we do not recommend).  

*If you are 50 or better, you get to add even more money thanks to your Catch-up contributions!

 


IRAs - Traditional, Roth, SEP, Rollovers and Inherited

 

Can I contribute to a Roth IRA?  

Although Roth IRA CONTRIBUTIONS ARE NOT TAX-DEDUCTIBLE, you must be eligible to make a contribution. Use the table below to see if you may be eligible to contribute to a Roth IRA. (This table shows whether your contribution to a Roth IRA is affected by the amount of your modified AGI as computed for Roth IRA purpose. Source: irs.gov) Please be sure to consult with your tax and/or legal advisor prior to making IRA contributions.

 

Will your 2020 contribution to a Roth IRA be affected by the amount of your modified AGI?

 

If your filing status is:

2020

And your modified AGI is:

2019

And your modified AGI is:

Then you can contribute:

Married filing jointly or qualifying widow(er)

$196,000
$193,000
up to the limit
$196,000 - $205,999
$193,000 - $202,999
a reduced amount
$206,000 or more
$203,000 or more
zero

Married filing separately and you lived with your spouse at any time during the year

Less than $10,000
$193,000
a reduced amount
> $10,000
$193,000 - $202,999
zero
$10,000 or more
$203,000 or more
zero

Single, head of household, or married filing separately and you did not live with your spouse at any time during the year

Less than $124,000
Less than $122,000
up to the limit
$124,000-$138,999
$122,000-$136,999
a reduced amount
$139,000 or more
$137,000 or more
zero
Call us today at 919-719-7200 to easily set up your Roth IRA or to or rollover your old Roth IRA account to Place Trade!

 


Will your 2020 contribution to a Roth IRA be affected by the amount of your modified AGI?

 

If You ARE Covered by a Retirement Plan at Work

 

If your filing status is:

2020

And your modified AGI is:

2019

And your modified AGI is:

Then you can contribute:

Married filing jointly or qualifying widow(er)

Less than $104,000
$103,000 or less
up to the limit
$104,000 but less than $124,999
$103,000 but less than $123,999
a reduced amount
$124,000 or more
$123,000 or more
Zero

Married filing separately and you lived with your spouse at any time during the year

Less than $10,000
Less than $10,000
a reduced amount
> $10,000
> $10,000
Zero
$10,000 or more
$10,000 or more
Zero

Single, head of household, or married filing separately and you did not live with your spouse at any time during the year

Less than $65,000
Less than $64,000
up to the limit
$65,000 but less than $75,000
$64,000 but less than $74,000
a reduced amount
$75,000 or more
$74,000 or more
Zero
Call us today at 919-719-7200 to easily set up your Roth IRA or to or rollover your old Roth IRA account to Place Trade!

 


 

 

2020 IRA Contribution and Deduction Limits Effect of Modified AGI on Deductible Contributions

 

If You are NOT Covered by a Retirement Plan at Work

 

What is your tax filing status?

2020

2019

Allowable Contribution

If your tax filing status is:

And your modified AGI is:

And your modified AGI is:

Then you can contribute:

Married filing jointly with a spouse who is covered by a plan at work

$196,000
$193,000
Full/up to the limit
$196,000 - $205,999
$193,000 - $202,999
Partial/a reduced amount
$206,000 or more
$203,000 or more
Zero

Married filing jointly or separately with a spouse who is not covered by a plan at work

Any amount
Any amount
a full deduction up to the amount of your contribution limit.

Married filing separately with a spouse who is covered by a plan at work

Less than $10,000 Less than $10,000 Partial/a reduced amount
$10,000 or more
$10,000 or more
Zero

Single, head of household, or qualifying widow(er)

Any amount
Any amount
a full deduction up to the amount of your contribution limit.

Call us today at 919-719-7200 to easily set up your Roth IRA or to or rollover your old Roth IRA account to Place Trade!

 

IRAs - Traditional, Roth, SEP, Rollovers and Inherited

 


 

How to figure the amount of your reduced Roth IRA contribution:

According to the IRS:

 

Amount of your reduced Roth IRA contribution 

If the amount you can contribute must be reduced, figure your reduced contribution limit as follows.

  1. Start with your modified AGI.
  2. Subtract from the amount in (1):
    1. $196,000 if filing a joint return or qualifying widow(er),
    2. $-0- if married filing a separate return, and you lived with your spouse at any time during the year, or
    3. $124,000 for all other individuals.
  3. Divide the result in (2) by $15,000 ($10,000 if filing a joint return, qualifying widow(er), or married filing a separate return and you lived with your spouse at any time during the year).
  4. Multiply the maximum contribution limit (before reduction by this adjustment and before reduction for any contributions to traditional IRAs) by the result in (3).
  5. Subtract the result in (4) from the maximum contribution limit before this reduction. The result is your reduced contribution limit.

 

Please see Publication 590-A, Contributions to Individual Retirement Accounts (IRAs), for more details including a worksheet to figure your reduced contribution and be sure to speak with your tax and/or legal advisor prior to making any tax-related decisions. Please review Publication 590-A, for specific issues related to Contributions to Individual Retirement Arrangements (IRAs) for use in preparing Tax Returns. 

 

2019 Traditional IRA Contribution and Deduction Limits - Effect of Modified AGI on IRA Contributions

 

IRAs - Traditional, Roth, SEP, Rollovers and Inherited


 

 

Learn about Rollover IRAs and how easy it is to Transfer your IRA account (from another firm) to an existing account Place Trade®

 

 

 

What are the Roth IRA contribution limits for 2020? How much can I contribute to IRA 2018? 

IRA Contribution Limits ~ 2016, 2017 & 2018

Roth IRA contributions are made on an AFTER-tax basis and whether or not you are eligible to contribute is based on both your income and filing status. How much you can contribute is additionally impacted by your age with catch-up contributions for individuals age 50 and up.
Please Note:
For 2019 and 2020, your total contributions to all of your traditional and Roth IRAs (combined for the given tax year) cannot be more than:          

 

 

 

Under Age 50  

 

Total

Under Age 50  

 

Over Age 50

Additional 

 Total

Over Age 50

2020* **

$6,000

Catch-up Contribution

$1,000

$7,000

2019* **

$6,000

Catch-up Contribution

$1,000

$7,000

 Source: irs.gov

You may make an eligible contribution for your 2020 Traditional or Roth IRA at any time prior to the 2020 IRS tax filing deadline which is Thursday, April 15, 2021. (Your account must be funded or have proof of postmark by this date! For brokerage accounts - please check to see our clearing firm's required cutoff date for eligible contributions.) We can generally open and fund accounts (make your contributions) with investment companies (think mutual funds) right up to the deadline (as long as you can get your contributions postmarked before the deadline).

The same general contribution limit applies to both Roth and Traditional IRAs. However, your Roth IRA contribution might be limited based on your filing status and income.

"Total" means your total contributions to all of your Traditional and Roth IRAs combined for the given tax year. You cannot exceed the total amount/contribution limit regardless of how many IRAs you have or the type/types of IRA(s) that you may have.

*Or your taxable compensation for the year.

** Effective for the tax year 2002 and beyond, for participants who are eligible to make an IRA contribution and have attained the age of 50 before the end of the taxable year, the participant can make a "catch-up" contribution in addition to the normal contribution amount as shown in the table above. The catch-up contribution was $500 from 2002-2005. For the year 2006 and beyond, the catch-up contribution limit will be $1000. The maximum contribution cannot exceed 100% of the actual compensation. Learn more about COLA Increases for Dollar Limitations on Benefits and Contributions from the IRS.

 

Please note that the IRA contribution limit does not apply to:

  • Rollover contributions
  • Qualified reservist repayments

Deductibility limits can be confusing and tax laws are frequently changing. It is always best to review your specific situation and/or circumstances with a qualified tax advisor.

Roth IRA contributions are made on an AFTER-tax basis. What does this mean? It means that you use money that you have already paid taxes on and that you won't get a tax break on the money that you put in your Roth IRA today (like you could if you contributed to a Traditional IRA with money that you haven't paid taxes on yet). The Roth IRAadvantage: No tax break today means that (if you satisfy the requirements, qualified distributions (discussed in chapter 2 of Pub. 590-B) are tax-free. This is particularly of interest to those who believe that they will be in a higher tax bracket and would prefer not to have to pay taxes on their money when they take it out in retirement.

 

IRAs - Traditional, Roth, SEP, Rollovers and Inherited


 

Can I make a contribution to an IRA after age 70½?

 

 

 

 
Traditional IRA
 
Roth IRA
 
 

YES (for 2020 & later tax years)

  YES  
 

 

 

Contributions to IRAs after age 70½

 

Can I make a contribution to my Traditional IRA after age 70½?

YES, you can make regular contributions to a Traditional IRA in the tax year 2020 and later tax years. (There is no age limit on making regular contributions to traditional or Roth IRAs.)

 

Can I make a contribution to my Roth IRA after age 70½?
Yes, you can still contribute to a Roth IRA and make rollover contributions to a Roth or traditional IRA regardless of your age.

 

 

 

Can I make IRA contributions after age 70½

 


 

 

 

 

Open an IRA online or call us to speak with an experienced retirement specialist who can help you roll over your old retirement account or help you start planning for a better retirement today!

IRAs - Traditional, Roth, SEP, Rollovers and Inherited

 

Call us today at 1-800-50-PLACE (1-800-507-5223, 919-719-7200) for more information!>

 

 


 
 

Please click on the links below to open and close each section:

 

 

 

Can I contribute to a Roth IRA?  

Although Roth IRA CONTRIBUTIONS ARE NOT TAX-DEDUCTIBLE, you must be eligible to make a contribution. Use the table below to see if you may be eligible to contribute to a Roth IRA. (This table shows whether your contribution to a Roth IRA is affected by the amount of your modified AGI as computed for Roth IRA purpose. Source: irs.gov) Please be sure to consult with your tax and/or legal advisor prior to making IRA contributions.

 

Will your 2020 contribution to a Roth IRA be affected by the amount of your modified AGI?

 

If your filing status is:

2020

And your modified AGI is:

2019

And your modified AGI is:

Then you can contribute:

Married filing jointly or qualifying widow(er)

$196,000
$193,000
up to the limit
$196,000 - $205,999
$193,000 - $202,999
a reduced amount
$206,000 or more
$203,000 or more
zero

Married filing separately and you lived with your spouse at any time during the year

Less than $10,000
$193,000
a reduced amount
> $10,000
$193,000 - $202,999
zero
$10,000 or more
$203,000 or more
zero

Single, head of household, or married filing separately and you did not live with your spouse at any time during the year

Less than $124,000
Less than $122,000
up to the limit
$124,000-$138,999
$122,000-$136,999
a reduced amount
$139,000 or more
$137,000 or more
zero
Call us today at 919-719-7200 to easily set up your Roth IRA or to or rollover your old Roth IRA account to Place Trade!

 


For more information on IRAs, please call us at 919-719-7200 today.

 

 

 

 

Can I contribute to a Roth IRA if I participate in a retirement plan at work?
 

You can contribute to a Traditional or Roth IRA whether or not you (or your spouse) participate in another retirement plan through your employer or business. However, it is important to note that:

  • Traditional IRAs:You may not be able to deduct all of your traditional IRA contributions if you or your spouse participate in another retirement plan at work. View Deductibility Limits for 2019 Traditional IRAs and for 2020
  • Roth IRAs: You may not be able to make a Roth IRA contribution or your contribution may be limited if you make too much money. Please review the chart below to see if you are eligible to make a Roth IRA contribution. Please remember that Roth IRA contributions are NOT tax-deductible.

 


 

 

 

IRAs - Traditional, Roth, SEP, Rollovers and Inherited


 

 

 

 

 

Will your 2020 contribution to a Roth IRA be affected by the amount of your modified AGI?

 

If You ARE Covered by a Retirement Plan at Work

If you (or your spouse) are covered by a retirement plan at work, your modified AGI affects the amount of your deduction/the amount that you can contribute and receive a deduction. For example, if you receive a full deduction you can contribute up to the limit of $6,000 (under 50) or $7,000 (50 and up) for both 2019 & 2020.

If your filing status is:

2020

And your modified AGI is:

2019

And your modified AGI is:

Then you can contribute:

Married filing jointly or qualifying widow(er)

Less than $104,000
$103,000 or less
up to the limit
$104,000 but less than $124,999
$103,000 but less than $123,999
a reduced amount
$124,000 or more
$123,000 or more
Zero

Married filing separately and you lived with your spouse at any time during the year

Less than $10,000
Less than $10,000
a reduced amount
> $10,000
> $10,000
Zero
$10,000 or more
$10,000 or more
Zero

Single, head of household, or married filing separately and you did not live with your spouse at any time during the year

Less than $65,000
Less than $64,000
up to the limit
$65,000 but less than $75,000
$64,000 but less than $74,000
a reduced amount
$75,000 or more
$74,000 or more
Zero
Call us today at 919-719-7200 to easily set up your Roth IRA or to or rollover your old Roth IRA account to Place Trade!

 

 


 

 

 

 

2020 IRA Contribution and Deduction Limits Effect of Modified AGI on Deductible Contributions

 

If You are NOT Covered by a Retirement Plan at Work

 

What is your tax filing status?

2020

2019

Allowable Contribution

If your tax filing status is:

And your modified AGI is:

And your modified AGI is:

Then you can contribute:

Married filing jointly with a spouse who is covered by a plan at work

$196,000
$193,000
Full/up to the limit
$196,000 - $205,999
$193,000 - $202,999
Partial/a reduced amount
$206,000 or more
$203,000 or more
Zero

Married filing jointly or separately with a spouse who is not covered by a plan at work

Any amount
Any amount
a full deduction up to the amount of your contribution limit.

Married filing separately with a spouse who is covered by a plan at work

Less than $10,000 Less than $10,000 Partial/a reduced amount
$10,000 or more
$10,000 or more
Zero

Single, head of household, or qualifying widow(er)

Any amount
Any amount
a full deduction up to the amount of your contribution limit.

Call us today at 919-719-7200 to easily set up your Roth IRA or to or rollover your old Roth IRA account to Place Trade!

 

IRAs - Traditional, Roth, SEP, Rollovers and Inherited

 

 

 


 

 

 

Can I contribute to both a Roth IRA and a Traditional IRA in the same year?

 

Yes, if eligible, you can contribute to both a Traditional and Roth IRA in the same tax year. However, it is important to note that your total contributions to all of your traditional and Roth IRAs (combined for the given tax year) cannot be more than you are eligible for under the given year's IRA Contribution Limits. You cannot double down and put the maximum in each.

Think of it like this: if you are under 50* and you are fully eligible to make the maximum contribution for the year ($6,000 in 2019 & $6,000 for 2020), You can put a total of the maximum away ($6,000 in 2019 and another $6,000 in 2020) in either a Roth, a Traditional IRA or in any combination of the two as long as you do not exceed the annual contribution limit. *50 and over allows catch up contributions of an additional $1,000.

 

   

 

For example,

You could split it 50/50 and put $3,000 in each or you could put $500 in your Roth IRA and $5,500 in your Traditional IRA.

You can split it up any way that you would like - just keep in mind that it may not make sense to have an IRA with a super low balance in it because you may not be able to do much with it (as far as diversifying goes) and you may incur account fees (at most firms) that could eat into your long term saving goals. 

 

   

 

The amount that you put in the Traditional IRA will be tax-deductible now and the amount that you put in the Roth will receive tax benefits when you take the money out (unless there are changes to the tax laws or you take an unqualified distribution - which, of course, we do not recommend).  

*If you are 50 or better, you get to add even more money thanks to your Catch-up contributions!

 

 

Can I make a contribution to an IRA after age 70½?

 

 

 

 
Traditional IRA
 
Roth IRA
 
  NO   YES  
 

 

 

Contributions to IRAs after age 70½

 

Can I make a contribution to my Traditional IRA after age 70½?
No, you cannot make regular contributions to a Traditional IRA in the year you reach 70½ and older.

 

Can I make a contribution to my Roth IRA after age 70½?
Yes, you can still contribute to a Roth IRA and make rollover contributions to a Roth or traditional IRA regardless of your age.

 

 


 

 

 

 

 

 

Interest Paid on Idle Cash Balances

 

 

 

Interest Paid on Idle Cash Balances

 

 

 

 

 

Interest Paid on Idle Cash Balances

1

 

 

Disclosures
  1. Credit balances greater than USD 10,000 (or equivalent) in accounts with a NAV of less than USD 100,000 (or equivalent) will be paid interest at a proportional rate. For accounts holding credit balances in currencies carrying a negative interest rate, the negative rate will be applied to accounts with balances of at least USD 100,000 (or equivalent), but smaller credit balances will not be charged the negative rate.

 

 
   

 

  

 Get More Info About Retirement Planning with these Related Links:

 

 

 

Retirement Planning

Traditional IRA

Roth IRA

SEP IRA

SIMPLE IRA

Qualified Plans

Rollover IRAs

401(k) Rollover

Leaving your old 401(k) behind

Cashing Out of your 401(k)

Switching Jobs? Know your Options

From Ramen to Retirement

Get Advice or Trade Online

Can I Trade Options or on Margin in my IRA? Yes

Important Information about IRAs in your Place Trade Brokerage Account

 

 

Should you have further questions, please contact our Client Service Center at 919-719-7200. Additionally, you may contact us via live chat or secure message (by logging in to Account Managementfor assistance.

 

________________________________________________________________________

Important Notes: IRA contribution deadline 2018

  • *MA residents may make prior year 2018 IRA contributions thru Tuesday, April 16, 2019.
  • Please be sure to check with your tax and/or legal advisor prior to making any contributions, withdrawals or other changes to your retirement account. Place Trade Financial, Inc. does not offer tax or legal advice. Information provided by Place Trade is for educational purposes and should not be considered as tax or legal advice under any circumstances.
  • Please view IRS Publication 590: Publication 590-A (Contributions to Individual Retirement Arrangements (IRAs)) and IRS Publication 590-B Distributions from Individual Retirement Arrangements (IRAs) for more details and speak with your tax advisor prior to making any decisions.
  • Please be sure to look for the matching tax year when reviewing IRS Publication 590 (Publications 590-A and 590-A). We have included these links to the IRS website's pages covering Publications 590-A and 590-A for your convenience. The IRS site still shows the 2016 publications as of January 2018.
 

What is an IRA? 

IRA contribution deadline 2020

Open a Roth IRA today and enjoy after-tax benefits while you save for retirement.

 

 

Learn about Traditional IRAs
 

 


 

Roth IRA Limits 2019     Traditional IRA Contribution Limits 2019

What is the deadline for contributing to an IRA? What is the deadline for contributing to an IRA for 2020? 

Traditional & Roth IRA Contribution Deadlines

 

 
Roth IRA Contribution Limits
 
Learn about Roth IRAs

 

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Learn more about retirement planning by visiting some of the links below:

Roth IRA

SEP IRA

SIMPLE IRA

Traditional IRA

Qualified Plans

Rollover IRAs

Find out how Place Trade can help you get the most out of your college planning by visiting some of the links below:


Coverdell ESA

529 College Savings Plans

UGMA/UTMA Accounts

 

 

 

All investing involves risk, including the possible loss of principal and there can be no assurance that any investment strategy will be successful.