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Roth IRA

Contribution eligibility requirements:

  • Must have earned income, or spouse has earned income in past calendar year
  • Modified adjusted gross income (MAGI) cannot exceed certain limits

Contribution limits under age 50:

  • For 2013 tax year, any amount up to 100% of compensation or $5,500, whichever is less (as long as the MAGI is within prescribed limits)

Contribution limits age 50 or older:

  • For 2013 tax year, any amount up to 100% of compensation or $6,500, whichever is less (as long as the MAGI is within prescribed limits)

Remember:

  • $5,000 is the aggregate amount that may be contributed to any Roth and/or Traditional IRA for the 2012 tax year
  • You may use funds from your other Principal Bank accounts to invest in either Roth or Traditional IRA

For additional plan information, see the IRA custodial agreements (PDF: 953 KB) and current rates.

To apply for a Principal Bank Individual Retirement Account, call 1.800.672.3343 or your financial professional.

Related Topics

Stretching your IRA
Discover how your IRA assets can create significant income for your loved ones over time.

Go to Stretch IRA

Open an Account

To apply for a Principal Bank IRA, call 1.800.672.3343 or your financial professional.

Have a question?
Contact a bank customer service representative at 1.800.672.3343 or via e-mail.

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