| | Traditional IRA | Coverdell Education IRA | Roth IRA |
|---|
| Recommended for: | Members below the age of 70 ½ who would like to save for retirement. | Members who would like to save money for a family member's education. | Members who would like to save for retirement, but will not need to access their money for at least five years. |
| Maximum Yearly Contribution | $5,000 per year or 100% of earned income. Married members filing jointly may contribute up to $10,000. | $2000 per child | $5,000 per year or 100% of earned income. Married members filing jointly may contribute up to $10,000. |
| Tax Deductible Contributions | Normally 100% deductible | Non-deductible | Non-deductible |
| Tax Exempt/Deferred Earnings | Deferred | Deferred | Deferred or Exempt Depending on the Circumstances |
| Required Minimum Distribution | Required at age 70 ½ | None | None |
| Certificates Available | Yes | Yes | Yes |
| |  Click Here to Learn More | Click Here to Learn More | Click Here to Learn More |
