To stay on track for the retirement you want, contribute the maximum to your company plan, and, if eligible, contribute to an Individual Retirement Account (IRA) as well. Money in these accounts can grow tax-deferred until retirement.
How much can you contribute?

  • Workplace retirement plans such as a 401(k). In 2011, you may contribute up to $16,500 (traditional plus Roth), plus an extra $5,500 if you're 50 or older.*

    In 2012, you may contribute up to $17,000 (traditional plus Roth), plus an extra $5,500 if you're 50 or older.*
  • Traditional IRA. Contribute up to $5,000 a year in 2011 and 2012, plus an extra $1,000 if you’re 50 or older.*
  • Roth IRA. If eligible, contribute up to $5,000 a year in 2011 and 2012, plus an extra $1,000 if you’re 50 or older.*
Footnotes
* Indexed to inflation for future years.

^ A withdrawal of Roth money and investment earnings will be eligible for tax-free treatment when the following two criteria are met: 1) the withdrawal occurs at least five years following the year the Roth is established; 2) the participant has attained age 59 ½, dies or becomes disabled.

† Some IRA contributions are not tax-deductible.
“Is a Roth IRA Right for
You”
Read now  ►
“Retirement Readiness Checklist”
Read now  ►
 
Use our IRA Analyzer to
help choose the right IRA
for you.
Start now ►
Increase your monthly contributions to your workplace retirement plan by logging into your plan's website. Click on "Transactions" then "Contribution Elections"Activate automatic savings increases. Adjust your retirement savings periodically and automatically. On schwab.com/workplace go to: Manage Account > Contributions > Go to contribution rate.Take the next step. Open an IRA today.

Talk with a Schwab Financial Consultant. Call  866-782-1483, or