Take control of your retirement savings with a flexible traditional IRA. You decide how much you want to invest (up to a maximum amount per year) and how often to contribute. As long as you are under the age of 70½ and have earned income (income from investments is not considered earned income), you’re eligible to contribute.
A Traditional IRA Offers Flexibility and Possible Tax Benefits
What traditional IRAs offer
- Potential for tax-deductible contributions
- No taxes until money is withdrawn
- A variety of investment choices
- Eligibility even if you’re in another retirement plan
Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. Minimum distributions must be made from traditional IRAs, starting at age 70½.
Keep in mind, neither Nationwide nor its representatives provide tax or legal advice. You should consult your attorney or professional advisor for such advice.
Ready to buy an IRA?
Want a traditional IRA but don’t know where to begin? Your investment professional can help you. You can prepare to meet with your investment professional by gathering this information about your personal finances:
- Statements from your employer-sponsored retirement plan
- Statements from other investments, including any other IRAs
- Checking and savings account balances
Getting Started with Your Retirement Plan
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What is a Roth IRA?
Difference Between a Roth and Traditional IRA
Expanding Your Choice of Investments
What Is a Traditional IRA?
All About Individual Retirement Accounts
Starting Social Security Payments
Learn About Retirement Income
Top 10 List of Retirement To-Dos
Women and Retirement
Your Company Doesn’t Offer a Match
Your Company Doesn’t Offer a Plan