|
gptkbp:instanceOf
|
Individual Retirement Account
|
|
gptkbp:annualContributionLimitAppliesPerPerson
|
yes
|
|
gptkbp:beneficiaryDesignation
|
allowed
|
|
gptkbp:catchUpContributionLimit2023
|
$1,000
|
|
gptkbp:compatibleWith
|
businesses
|
|
gptkbp:contributionDeadline
|
tax filing deadline
|
|
gptkbp:contributionEligibility
|
earned income
|
|
gptkbp:contributionLimit2023
|
$6,500
|
|
gptkbp:contributionLimitCombinedWithRothIRA
|
yes
|
|
gptkbp:contributionsNotRequiredEveryYear
|
yes
|
|
gptkbp:contributionsTaxDeductible
|
yes
|
|
gptkbp:country
|
gptkb:United_States
|
|
gptkbp:createdBy
|
individuals
|
|
gptkbp:custodianRequired
|
yes
|
|
gptkbp:earlyWithdrawalPenalty
|
10%
|
|
gptkbp:employerContributionsAllowed
|
no
|
|
gptkbp:establishedBy
|
gptkb:Employee_Retirement_Income_Security_Act_of_1974
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Traditional IRAs
|
|
gptkbp:incomeLimitsForDeductibility
|
yes
|
|
gptkbp:investedIn
|
bonds
mutual funds
stocks
ETFs
|
|
gptkbp:IRSFormForContributions
|
gptkb:Form_5498
|
|
gptkbp:IRSFormForDistributions
|
gptkb:Form_1099-R
|
|
gptkbp:penalty
|
disability
medical expenses
first-time home purchase
qualified education expenses
substantially equal periodic payments
|
|
gptkbp:prohibitedInvestments
|
life insurance
collectibles
|
|
gptkbp:prohibits
|
self-dealing
borrowing from IRA
using IRA as collateral
|
|
gptkbp:requiredMinimumDistributionsBegin
|
age 73
|
|
gptkbp:rolloverAllowed
|
yes
|
|
gptkbp:rolloverFrom401kAllowed
|
yes
|
|
gptkbp:rolloverFrom403bAllowed
|
yes
|
|
gptkbp:rolloverFromOtherIRAAllowed
|
yes
|
|
gptkbp:RothConversionAllowed
|
yes
|
|
gptkbp:selfDirectedIRAOption
|
yes
|
|
gptkbp:spousalIRAAllowed
|
yes
|
|
gptkbp:taxedAtWithdrawal
|
yes
|
|
gptkbp:taxOnWithdrawals
|
ordinary income tax
|
|
gptkbp:taxStatus
|
tax-deferred
|
|
gptkbp:taxYearForContributions
|
prior year until tax deadline
|
|
gptkbp:withdrawalAge
|
59½
|
|
gptkbp:bfsParent
|
gptkb:SoFi_Invest_account
|
|
gptkbp:bfsLayer
|
7
|