IRA Calculator:     Rules to open or contribute to a traditional IRA account. Earnings grow tax free until withdrawn. Must open account with a designated financial institution Account must be officially designated as an IRA account The account must be set up and funded by April 15 to count in the prior tax year Applicant must be under 70 1/2 years old when opened, and to make contributions Applicant must have earned income, either from a job or self employment (generally income that you have worked for, no interest nor dividends qualify) Account contributions must be made in cash Rules for deductible contributions -     Rules to open or contribute to a Roth IRA account. Earnings grow tax free and withdrawals are not taxed. Must open account with a designated financial institution Account must be officially designated as an Roth IRA account The account must be set up and funded by April 15 to count in the current tax year No age limits for contributions Applicant must have earned income, either from a job or self employment (generally income that you have worked for, no interest nor dividends qualify) Account contributions must be made in cash Phase-out rule for high income earners -     Rules to convert an existing IRA to a Roth IRA account. Modified Adjusted Gross Income must be $100,000 or less - If married, must file joint return Taxable assets converted (excludes after-tax contributions) will be taxed as Ordinary Income No income limits apply beginning in 2010     Disclaimer These interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We strongly recommend that you seek the advice of a financial services professional before making any type of investment. We also encourage you to review your investment strategy periodically as your financial circumstances change. The results presented by these calculators are hypothetical and may not reflect the actual growth of your own investments. Shopoff Securities, Inc. and its affiliates are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Shopoff Securities, Inc. is not responsible for any human or mechanical errors or omissions. Please be advised that the information in this Web Site has been compiled to the best of our knowledge, and with the intention to help reduce your tax liability. However, each tax situation is different and can only be properly evaluated by a tax professional.     I have read the Disclaimer, and agree to its Terms.