Traditional Roth

• Annual maximum contribution is based on an individual's age.
• Some contributions may be tax deductible (consult a tax advisor). 
• Possible tax credits to certain individuals (consult a tax advisor).
• Distributions are generally included as income and subject to federal income tax.
• Mandatory distributions are required beginning in the year that the IRA holder reaches age 70½. 
• Dividend earnings are tax-deferred.

Roth IRA

• Annual maximum contribution amount is based on the individual's age and income.
• Roth IRA contributions are not tax-deductible. 
• There is no age restriction on regular contributions.
• Possible tax credits for certain individuals (consult a tax advisor). 
• Dividend earnings from contributions are tax-deferred.
• Don't pay taxes on distributions after a five-year waiting period.
• Qualified distributions or earnings are tax-exempt.
• There are no mandatory distributions, regardless of age.
• Prinicpal amount can be withdrawn tax and penalty-free.

Education IRA

• Designed to help set aside money for the qualified education expenses of a child, grandchild, or eligible beneficiary.
• After-tax contributions can be made until the child reaches age 18.
• Annual maximum contributions can be made to a single or multiple accounts designed to benefit the same child.
• Dividend earnings on contributions are not taxed while held in the account.
• Distributions for qualified education expenses are tax-free.
• Dividend earnings are tax-free when withdrawn for qualified education expenses.