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Traditional IRA

Contribution eligibility requirements:

  • Must be under age 70½ for entire year when IRA is opened
  • Must have earned income, or spouse with earned income in past calendar year

Contribution limits under age 50:

  • For 2015 tax year, any amount up to 100% of compensation or $5,500, whichever is less

Contribution limits age 50 or older:

  • For 2015 tax year, any amount up to 100% of compensation or $6,500, whichever is less

For additional plan information, see the IRA custodial agreements (PDF: 835 KB) and current rates.

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Calculators
Discover a variety of solutions and options for your financial needs

Go to Financial Calculators

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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