![]() ![]() ![]() Putnam has not reviewed the information and does not warrant that the information is accurate, complete, or timely. The third-party information accessible through this site was prepared by, and is the sole responsibility of, independent providers who are not affiliated with Putnam. Withdrawals are subject to income tax, and those made before age 59½ may be subject to an additional 10% tax.īY USING THIS SITE, YOU ACKNOWLEDGE AND AGREE TO THE FOLLOWING DISCLAIMER AND TERMS AND CONDITIONS: Should your clients convert their Traditional IRAs to Roth IRAs?ĭownload fillable applications and forms for the Putnam Traditional IRA. Download our investor education piece for more information. Help your clients convert their Traditional IRA to a Roth IRA. Investors can start a Putnam IRA with as little as $25 a month, and it can be linked to their checking account for easy, convenient, and automatic contributions.Helps investors reduce tax liability, and can possibly help move them into a lower tax bracket.May be used for qualified higher education expenses without penalty.Offers tax-deferred earnings and tax-deductible contributions.Individuals covered by an employer's retirement plan with an AGI of $73k–$83k (single) or $116k–$136k (married, filing jointly).Individuals who do not have access to a retirement plan at work or are not active participants in their employers' retirement plans.Talk to your clients and encourage them to take advantage of this important retirement savings opportunity. For 2023, the maximum contribution is $6,500 ($7,500 for individuals age 50 and older). ![]()
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