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IRA Comparison
Rollover IRA
Individuals who want to move
retirement funds from an
employer-sponsored plan to an
IRA.
Eligible rollover amounts from
employer sponsored plans are
unlimited, but contribution limits
are the same as Traditional IRAs
$1,000
April 15 of the following year.
The tax filing deadline.
Same as Traditional IRA
Distributions are subject to
current federal income taxes
and a possible 10% penalty (if
participant is under age 59 1/2
Same as Traditional IRA
Mutual Funds, Stocks, ETFs,
Bonds, Options,CDs, Money
Markets and Alternative
Investments.
Individuals who want to move
retirement funds from an
employer-sponsored plan to an
IRA.
Eligible rollover amounts from
employer sponsored plans are
unlimited, but contribution limits
are the same as Traditional IRAs
$1,000
April 15 of the following year.
The tax filing deadline.
Same as Traditional IRA
Distributions are subject to
current federal income taxes
and a possible 10% penalty (if
participant is under age 59 1/2
Same as Traditional IRA
Mutual Funds, Stocks, ETFs,
Bonds, Options,CDs, Money
Markets and Alternative
Investments.
Traditional IRA
Individuals that anticipate
being in a lower tax bracket in
retirement OR that meet the
criteria for making tax-
deductible contributions and
are most interested in a current
tax deduction, or are not
eligible to contribute to a Roth
IRA.
Lesser of 100% of your earned
income OR 2008 and beyond:
$5,000 (which is to be adjusted
annually for inflation after 2009)
$1,000
April 15 of the following year.
The tax filing deadline.
Earnings and deductible
contributions are taxed as
ordinary income.
10% federal tax penalty before
age 59 1/2 unless due to
death, disability, eligible
medical expenses, certain
unemployed individual's health
insurance premiums, limited
first-time home purchase
($10,000 life-time maximum),
qualified higher expenses or
IRS levy.
Age 70 1/2 or death
Mutual Funds, Stocks, ETFs,
Bonds, Options,CDs, Money
Markets and Alternative
Investments.
Individuals that anticipate
being in a lower tax bracket in
retirement OR that meet the
criteria for making tax-
deductible contributions and
are most interested in a current
tax deduction, or are not
eligible to contribute to a Roth
IRA.
Lesser of 100% of your earned
income OR 2008 and beyond:
$5,000 (which is to be adjusted
annually for inflation after 2009)
$1,000
April 15 of the following year.
The tax filing deadline.
Earnings and deductible
contributions are taxed as
ordinary income.
10% federal tax penalty before
age 59 1/2 unless due to
death, disability, eligible
medical expenses, certain
unemployed individual's health
insurance premiums, limited
first-time home purchase
($10,000 life-time maximum),
qualified higher expenses or
IRS levy.
Age 70 1/2 or death
Mutual Funds, Stocks, ETFs,
Bonds, Options,CDs, Money
Markets and Alternative
Investments.
Roth IRA
Individuals who want
tax-deferred earnings and
qualified tax-free distributions.
Individuals who expect their
tax bracket to be the same or
higher in retirement.
Individuals who want tax-free
income during retirement.
Lesser of 100% of your earned
income OR 2008 and beyond:
$5,000 (which is to be adjusted
annually for inflation after 2009)
$1,000
April 15 of the following year.
The tax filing deadline.
Qualified distributions of
contributions may generally be
distributed tax - and penalty -
free
Earnings are distributed
tax-free and penalty-free if held
at least 5 years in the Roth IRA
and either paid out after age
59 1/2 or (Death, Disability or
First home Purchase occur)
Subject to 10% penalty &
ordinary income tax if taken out
earlier.
None during lifetime.
Beneficiary (except spouse)
must begin in year following
the IRA owner's death.
Mutual Funds, Stocks, ETFs,
Bonds, Options,CDs, Money
Markets and Alternative
Investments.
Individuals who want
tax-deferred earnings and
qualified tax-free distributions.
Individuals who expect their
tax bracket to be the same or
higher in retirement.
Individuals who want tax-free
income during retirement.
Lesser of 100% of your earned
income OR 2008 and beyond:
$5,000 (which is to be adjusted
annually for inflation after 2009)
$1,000
April 15 of the following year.
The tax filing deadline.
Qualified distributions of
contributions may generally be
distributed tax - and penalty -
free
Earnings are distributed
tax-free and penalty-free if held
at least 5 years in the Roth IRA
and either paid out after age
59 1/2 or (Death, Disability or
First home Purchase occur)
Subject to 10% penalty &
ordinary income tax if taken out
earlier.
None during lifetime.
Beneficiary (except spouse)
must begin in year following
the IRA owner's death.
Mutual Funds, Stocks, ETFs,
Bonds, Options,CDs, Money
Markets and Alternative
Investments.
SEP IRA
Individuals who are
self-employed or business
owners with employees
(certain rules apply-please
contact an advisor for rules)
Individuals who prefer a plan
that is easy to setup and
maintain.
Employer contributions only.
Employee's IRA cannot exceed
the lesser of $46,000 for 2008
OR 25% of pay.
None
The company's tax-filing
deadline plus extensions.
Same as Traditional IRA
Distributions are subject to
current federal income taxes
and a possible 10% federal tax
penalty (if participant is under
age 59 1/2)
Same as Traditional IRA
Mutual Funds, Stocks, ETFs,
Bonds, Options,CDs, Money
Markets and Alternative
Investments.
Individuals who are
self-employed or business
owners with employees
(certain rules apply-please
contact an advisor for rules)
Individuals who prefer a plan
that is easy to setup and
maintain.
Employer contributions only.
Employee's IRA cannot exceed
the lesser of $46,000 for 2008
OR 25% of pay.
None
The company's tax-filing
deadline plus extensions.
Same as Traditional IRA
Distributions are subject to
current federal income taxes
and a possible 10% federal tax
penalty (if participant is under
age 59 1/2)
Same as Traditional IRA
Mutual Funds, Stocks, ETFs,
Bonds, Options,CDs, Money
Markets and Alternative
Investments.
Description
For Who?
Contributions
Maximum
Annual
Contributions
Catch-Up
Provisions
(Age 50 and
older)
Deadline
Distributions
Taxation
Mandatory
Investments
For Who?
Contributions
Maximum
Annual
Contributions
Catch-Up
Provisions
(Age 50 and
older)
Deadline
Distributions
Taxation
Mandatory
Investments
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+ 1 954 315 3921
| + 1 954 315 3921 |
| Atlantic Wealth Management offers Securities through International Assets Advisory LLC an Independent Registered Broker/Dealer Member FINRA/SIPC. Investment Advisory Services offered through International Assets Investment Management, LLC, an SEC Registered Investment Advisor. International Assets Advisory, LLC and International Assets Investment Management, LLC are affiliated companies. Registered Investment Advisors may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state. This site and the content herein are subject to certain Legal Notices. Please see "Legal/Privacy Important Disclosures" tab at the top of page for important information. |