Spencer IRA's are guaranteed by the FDIC up to $250,000 per depositor |
| Why Spencer? |
| • |
Hassle-free rollovers and transfers |
| • |
Minimum to open as low as $500 |
| • |
Variety of terms available to meet your
needs |
|
| Benefits |
| • |
Tax-Free Earnings |
| • |
Contributions (not earnings) can be
withdrawn penalty-free, at any time |
| • |
Contributions are not tax-deductible like
Traditional IRAs. |
| • |
Earnings grow tax-free, and may be
tax-exempt upon withdrawal |
|
| Who Can Invest? |
2009: Any single person with an adjusted gross income of $120,000 or less ($176,000 or less for married joint file tax filers) |
| Maximum Annual Contribution |
$5,000 (below age 50)
$6,000 (age 50 and older) |
