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Standard

A taxable investment account
Appropriate for general investing and building wealth
Potential earnings are taxable
No contribution limits or eligibility restrictions (besides account minimum)

Traditional IRA

Contributions may be tax-deductible subject to Modified Adjusted Gross Income (MAGI) limits
Potential earnings grow tax-deferred.
May be subject to an IRS 10% additional tax for early or
pre-59 ½ distributions
Required minimum distributions start at age 73
No age limit to contribute as long as you, or if filing jointly your spouse, have earned income

Roth IRA

Contributions are made with after-tax dollars, there is no tax deduction regardless of income.
Potential earnings grow tax-advantaged.
Qualified distributions are tax-free. Distributions are qualified if the account was funded for more than five years and you are at least age 59 ½, or as a result of your disability, or using the first-time homebuyer exception or taken by your beneficiaries due to your death.
A non-qualified distribution may be subject to ordinary income tax and a 10% additional tax unless an exception applies.
No required minimum distributions
You can contribute at any age as long as you, or if filing jointly your spouse, have earned income and are within or under MAGI limits.

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Need help? Visit our FAQs.

1. Qualified distributions, which are tax-free and not included in gross income, occur when your Roth IRA has been funded for more than five years and you are at least age 59 ½, or as a result of your death, disability, or using the first-time homebuyer exception.

Wells Fargo and Company and its Affiliates do not provide tax or legal advice. This communication cannot be relied upon to avoid tax penalties. Please consult your tax and legal advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed.

	Standard	Traditional IRA	Roth IRA
Trade Stocks, ETFs, no-load mutual funds, bonds and more. Option trading and margin investing available	Yes	Yes	Yes
Monitor your investments with robust tools and resources	Yes	Yes	Yes
Potential investment earnings grow tax-advantaged	No	Yes	Yes
Contributions may be tax-deductible IRA Contribution Calculator	No	Yes	No
Rollover/consolidate Traditional IRAs and 401(k)s, 403(b)s, and governmental 457(b)s	No	Yes	No
Rolllover/consolidate Roth IRAs and designated Roth accounts	No	No	Yes
Tax-free qualified distributions²			Yes
Access to your contributions anytime, tax-free	No	No	Yes

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Standard

Traditional IRA

Roth IRA

Choose your WellsTrade^® account