The Traditional IRA allows you to contribute up to $5,500 a year or 100% of compensation, whichever is less. Owners aged 50 or older, may be eligible to contribute up to $6,500.
Traditional IRA Benefits:
- Offers tax-deferred earning
- Possibility for tax-deductable contributions
- All earning are tax free until they are withdrawn
- Begin receiving your disbursements as early as age 59 1⁄2 or delay them until 70 1⁄2.
Link to Rates