How do the IRAs offered by MyStockFund differ?
The table provides a summary of the major differences between the IRAs offered by MyStockFund and is not a comprehensive review of IRAs. This is an overview and your specific situation may vary. MyStockFund recommends that you consult your tax professional to determine which IRA is best for you. Traditional IRA Roth IRA Contributions Are made using after tax dollars and in most cases deducted when you file your income taxes. Are made using after tax dollars but ARE NOT deductible from your income taxes. Contribution Limits Generally the limit is $4,000 per year, or $5,000 per year if you will be over age 50 before the end of the year. Same as for a Traditional IRA but can be limited depending on your income, filing status, and other factors. Age Limit(s) More often than not, when you reach the age of 70½ you can no longer contribute to a Traditional IRA. You can begin withdrawing the funds without penalty at age 59½ and mandatory withdrawals are required at age 70½. You can open a Roth
