Traditional IRAs
Save for your retirement with a Traditional IRA. A Traditional IRA allows you to save on your own for retirement with tax-deferred earnings and a possible tax deduction.
Save money now when you save money for later. By using a Traditional IRA to save for your future, you may be able to save money today if you are eligible to deduct Traditional IRA contributions on your federal income tax return, or you qualify for a tax credit of up to $1,000. But first you must be eligible to contribute to a Traditional IRA. You (or your spouse if filing a joint tax return) must earn compensation from employment. Starting with the 2020 tax year, you may make a contribution at any age. Consider talking with a competent tax advisor to determine whether you’re eligible for a deduction or tax credit on your Traditional IRA contributions
26239-EB (11/2025) ©2025 Ascensus, LLC