PENSCO Trust - Self Directed IRA | PLANS: Plan Comparisons

Type	Trad	Roth	Edu
AGI- Adjusted Gross Income MFJ- Married Filing Jointly
Eligibility	Individuals not participating in employer sponsored retirement pans. Active participants may also qualify for full or partial deductions.	AGI: Individuals earning up to $53,000 but not over $63,000 MFJ: Earnings up to $85,000 but not over $105,000	Named beneficiary less than 18 years old. AGI: Individual earnings up to $110,000 but not over $220,000 MFJ: Earnings up to $166,000 but not over $176,000
Contribution Guide	$5,000 or 100% of earned income whichever is less Contributions not allowed after age 70½	Individual: $5,000 MFJ: $10,000 Contributions may be made after age 70 1/2 if still employed.	$2000 per child per year (check with IRS for current values)
Deductibility	Yes	No	No
Tax Advantages	Earnings grow tax deferred but are taxed upon withdrawal. Possible tax deduction.	Tax-free earnings Penalty-free withdrawals after five years	Tax-free for education expenses. K-12 and college.
Withdrawal	Penalty free after age 59½, for the purchase of first home, higher education or upon death. Required distribution at age 70½.	Tax free, for the purchase of a first home, higher education, after five years, after age 59½. No required distribution at age 70½.	Must be depleted by age 30. Taxable and ten percent penalty when not used for education. Special needs exception.