A Traditional IRA is available to anyone who meets certain requirements regarding age and income.
Any person who is under the age of 70 and 1/2 and has "earned income" for the tax year is eligible to contribute to an IRA. There is minimum age as long as the income requirements are met.
Examples of earned income are wages, tips, salary, bonuses, commission, professional fees, and jury fees and directors fees. Income may be based on either your personal earnings or a spouses earnings as long as you and your spouse file a joint income tax return.
To be sure of your eligibility, check with your tax consultant before making any contributions to an IRA.
For more information on rates, see our rate page or give us a call. We will be happy to answer your questions regarding IRA's.