hilliard.com J.J.B. Hilliard, W.L. Lyons, LLC | Member NYSE, FINRA, & SIPC hilliard.com Contact your Wealth Advisor for more details. This document answers some of the most frequently asked Traditional IRA questions and will give you insight into a Hilliard Lyons Self-Directed Traditional IRA. Your Hilliard Lyons Wealth Advisor will provide you with ideas for your Traditional IRA and details on establishing an account. Establishing a Traditional IRA Q: Who is eligible for a Traditional IRA? A: Everyone who is under the age of 70½ and receives earned income in the form of salary, fees, bonuses, commissions or alimony. Q: I participate in a retirement plan through my employer. Do I still qualify to make a Traditional IRA contribution? A: Yes. You can still contribute annually to a Traditional IRA. However, a full tax deduction may not be available, depending on your: ■ Active participation in an employer-sponsored retirement plan ■ Modified adjusted gross income ■ Tax filing status In prior years, you may have had some or all of your deductible Traditional IRA contributions phased out if you (or your spouse) participated in an employer-sponsored retirement plan, and you had adjusted gross income above a certain amount. Today, if you are actively participating in an employer-sponsored plan and your spouse is not, your spouse may make a fully deductible Traditional IRA contribution as long as your joint MAGI does not exceed $189,000 for 2018. The deduction is completely phased out with MAGI of $199,000. This is known as the “spousal de-link.” Self-Directed Traditional IRA
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This document answers some of the most frequently asked Traditional IRA questions and will give you insight into a Hilliard Lyons Self-Directed Traditional IRA. Your Hilliard Lyons Wealth Advisor will provide you with ideas for your Traditional IRA and details on establishing an account.