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Compare IRAs (Individual Retirement Accounts)

	Advantages	Eligibility	Maximum Contribution	Withdrawal Requirements
Traditional Available in: Deposit IRA Investment IRA	Contribute before taxes. Contributions may be tax-deductible. Earnings grow tax-deferred until withdrawn in retirement.	Workers or non-working spouses of workers under the age of 70½.	For tax year 2009: $5,000 Additional $1,000 catch-up contribution for age 50 and above.	Must begin at age 70½. Penalty-free withdrawals may begin at age 59½ (or earlier for certain qualified distributions).
Roth Available in: Deposit IRA Investment IRA	Contribute after taxes. Earnings grow tax-deferred. No minimum required distributions. May be withdrawn tax-free if the Roth IRA is at least 5 years old and you're at least 59½.	Workers or non-working spouses of any age.	For tax year 2009: $5,000 Additional $1,000 catch-up contribution for age 50 and above	No minimum withdrawal requirements. Penalty-free withdrawals may begin at age 59½ if the Roth IRA is at least 5 years old (or earlier for certain qualified distributions).
Educational Available in: Investment IRA only	Contribute after taxes. Earnings grow tax-deferred. May be withdrawn tax-free if funds are used for qualified primary, secondary and higher education expenses.	Children younger than 18.	For tax year 2009: $2,000 per year per child.	Funds must be used by the time the child reaches age 30. Assets of this account may be transferred to the assets of a sibling's Educational IRA.
Rollover Available in: Deposit IRA Investment IRA Professionally Managed IRA	Protects the tax-deferred status of a lump-sum distribution from an employer-sponsored retirement plan, profit sharing plan or another IRA.	Individuals receiving a retirement plan distribution or have an existing IRA.	No limit.	Must begin at age 70½. Penalty-free withdrawals may begin at age 59½ (or earlier for certain medical, educational, and home purchases).

Regarding Investment and Professionally Managed IRAs: Securities are offered and sold by Bankoh Investment Services, Inc., are not FDIC insured, may lose value, and have no bank guarantee.