Who can Contribute?
Any one who has earned income or who is filing jointly with a spouse who earns income.

How much can I Contribute?
Total combined contributions to Traditional or Roth IRAs up to $4000 a year or 100% of compensation, whichever is less.

Who can make Deductible Contributions?
Roth Contributions are not tax-deductible.

What are the Tax advantages?
Regular contributions can be withdrawn tax and penalty free anytime.  After the account has been open five tax years, earnings can be withdrawn tax and penalty free for any of these reasons:  age 59 1/2, disability, death or a first time home purchase.

When can I withdraw without restrictions?
Earnings are tax free if account is open for five tax years and withdrawn for a qualified reason (age 59 1/2, disability, death, or a first time home purchase).

Not required to start withdrawals at age 70 1/2.