You can contribute to a Traditional or Roth IRA if you have earned income or if you file your taxes jointly with a spouse who has earned income. In addition, you must be younger than age 70 ½ to contribute to a Traditional IRA. Contributions have an annual limit and may not exceed your yearly earned income.
For a full list of annual contribution limits for all types of IRAs, please visit the IRS Government Website for the most up-to-date information.
Rollover and Direct Transfer Contributions
- No limit to dollar amount of transfers
- No fee to accept transfers into an Elevations IRA
- Transfer your 401(k) from a previous employer
- Transfer your IRA from another financial institution