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Roth IRAs

Save More For Your Retirement

2015 IRA and SEP Contribution Limits

For the tax year 2015, the limit for contributing to all of your Traditional or Roth IRAs is $5,500 and if you are age 50+ in 2015, you can put in an additional $1,000, making that $6,500 for 2015.

SEP contribution limits for 2015, SEP contribution limits are the lesser of 25% of the first $265,000 of each eligible employee's compensation or $53,000.

The limit for Education (Coverdell Education Savings Account - CESA) IRAs is $2,000 per child.

The Roth phase-out for contributions for 2015 is if you are single $116,000 - $131,000 or if you are married filing jointly it is $183,000 - $193,000.

Don't wait! Take advantage of compounding your money faster by contributing to your 2015 IRAs today!

At First Community Bank, we make it easy to keep track of your IRAs. We allow you to add to your IRA CDs mid-term! Call us for details at 614-239-4600.

These are just general guidelines and there are many variables within each retirement vehicle. We recommend you talk to your tax and legal advisors for accuracy and before making any decisions. This is general information only and is not to be taken as advice. We do not open IRAs for non-Central Ohio residents.