IRA - COLLEGE SAVINGS - TRUST

RETIREMENT . . .

SOMETHING WE ALL LOOK FORWARD TO -

ARE YOU PREPARED?

        MANAGE YOUR RETIREMENT DOLLARS …

                           … MAXIMIZE YOUR RETIREMENT EARNINGS

Which IRA is right for you?

TRADITIONAL IRA

• Contributions are generally tax deductible

• Contributions and earnings are tax deferred

• Maximum contribution for 2010 is $5,000*

ROTH IRA 

• All earnings are non-taxable

• No required distribution

• No age limits for contributions

• Higher income levels for qualifying contributions

*Notes for both Traditional and Roth IRA’s

• For those age 50 and over, you can make an additional $1,000 "catch-up" contribution for a total annual contribution of $6,000.

• The “Saver’s Tax Credit” makes it easier for you to contribute to your IRA.
  This law allows credit on the amount of income tax you owe the IRS – Save up to 50% of your contribution!     

(Early withdrawal may result in a penalty.  Not intended as tax advice.  Please consult a tax professional.)

Interest rates accurate as of 7-29-10

	Interest Rate	APY*
IRA  ($20,000 AND OVER)	1.89%	1.90%
IRA (UNDER $20,000)	1.74%	1.75%

*Annual Percentage Yield