RETIREMENT TOOLS
IRA eligibility
Explore how much you may be able to contribute to a Traditional or Roth IRA and if your contribution to a Traditional IRA could be tax-deductible.
Ready to invest in a J.P. Morgan IRA? Get started.
See our IRA comparison (PDF) to learn more about the differences between a Traditional and Roth IRA.
This tool is designed to provide information to help get you started on selecting what IRA may be right for you. You should speak to your own tax professional before making any decisions.
Get started with a J.P. Morgan IRA
Traditional IRA
Your contributions may be tax-deductible. Your earnings, if any, are tax-deferred and will be included in your taxable income at the time of withdrawal.
Roth IRA
Your contributions are not tax-deductible. Your earnings, if any, are tax-deferred and may be withdrawn tax-free if certain conditions are met.
Frequently Asked Questions
Please note: This isn’t a projection of performance, but a calculation based on the inputs above and assumptions outlined below. It’s not a guarantee or representation of future performance.
Please note: In several of the following footnotes we had previously referred to different informational articles on the IRS website. However, until the IRS updates these articles to 2024 numbers, their links will include outdated information. In the meantime, we have provided a single IRS article with the correct 2024 information. We will update the links to more specific and expansive articles as soon as we can.
Any individual with taxable compensation may be eligible to contribute to a Roth and/or Traditional IRA. The IRS imposes yearly contribution limits on the aggregate amount of contributions to Traditional and Roth IRAs. Your age determines the applicable IRS maximum annual contribution amount.
Traditional IRA
A Traditional IRA is a retirement account where your contributions may either be tax-deductible or non-deductible, and your earnings and any previously deducted contributions will be included in your taxable income when you withdraw your money.
Deductibility for a Traditional IRA may be limited based on your income tax filing status, if your modified adjusted gross income (or “MAGI”) exceeds certain levels, and if you or your spouse are covered by a workplace retirement plan.
Roth IRA
A Roth IRA is a retirement account where you may be able to contribute after-tax dollars and you don’t have to pay federal tax on “qualified distributions” (as defined by the Internal Revenue Code). You cannot deduct contributions for a Roth IRA.
Your Roth IRA contributions may be limited based on your income tax filing status and MAGI.
Discover more ways an IRA benefits you
Retirement calculators
Knowing where you are today is an important step toward planning for your future. Run your numbers with our calculators to see how your current plan is working toward your goals.
Retirement calculators
Knowing where you are today is an important step toward planning for your future. Run your numbers with our calculators to see how your current plan is working toward your goals.
Plan for retirement
Whatever you’re looking forward to—more time with family, traveling or pursuing your passions—we can can help you prepare for what comes next.
Plan for retirement
Whatever you’re looking forward to—more time with family, traveling or pursuing your passions—we can can help you prepare for what comes next.
Sharpen your knowledge with the latest news and market commentary on retirement
Tap into the latest news and subscribe for market commentary and analysis from J.P. Morgan specialists to help you plan your investment strategy for retirement.
