IRAsTraditional IRA
A Traditional IRA from SCBT allows you an opportunity to supplement your other retirement savings.
Tax Deductible contributions*
- No additional participation by you or your spouse in an employer-sponsored retirement plan
- Your AGI (Adjusted Gross Income) is less than $150,000 in addition to non-participation in an employer-sponsored plan.
- Your AGI is less than the current years income limits
Contribution Limits:
| Year | Limits for < 50 years | Limits for > 50 years |
| 2005 | $4000 | $4500 |
| 2006 | $4000 | $5000 |
| 2007 | $4000 | $5000 |
| 2008 | $5000 | $6000 |
| 2009 | $5000 | $6000 |
Withdrawals may begin at age 59 ½ or earlier for college expenses or first home purchase or substantially equal period payments **
* Consult your tax advisor concerning interest deductibility.
** Withdrawals may be subject to certain penalties.
Roth IRA
A Roth IRA from SCBT affords you several benefits as you save for retirement.
- Earnings are tax-free under specific conditions, though contributions are not tax deductible*
- Funds may be withdrawn after five years for first-time home purchase without penalty
- Can contribute after age 70 ½ if you have earned income
- Your beneficiaries can inherit your tax-free benefits
| Year | Limits for < 50 years | Limits for > 50 years |
| 2005 | $4000 | $4500 |
| 2006 | $4000 | $5000 |
| 2007 | $4000 | $5000 |
| 2008 | $5000 | $6000 |
| 2009 | $5000 | $6000 |
*Consult your tax advisor concerning Roth contributions and withdrawals
*MAGI Limits: Single $101,000 - $116,000
Married Filing Joint: $159,000 - $169,000
Rollover IRA
Contribute funds from a qualified pension plan, profit-sharing plan, or IRA from another institution.
The services offered within this investment site are available exclusively through our U.S. registered representatives and are available for U.S. residents only. LPL Financial U.S. registered representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.
*Securities and Insurance Products offered through LPL Financial and its affiliates. Member FINRA/SIPC. SCBT Investments Services: Not a registered broker dealer: Not affilitated with LPL Financial.
Not FDIC Insured | No Bank Guarantee | May Lose Value | Not a Deposit | Not Insured by any Government Agency
