Individual Retirement Accounts
IRA Investment Rates
*Annual Percentage Yield
†Available for new investments only; funds may not be transferred from an existing or renewing AGFinancial investment.
Effective October 1, 2020
Rates subject to change. Penalties may apply to redemptions prior to maturity.
This is not an offering to sell securities referred to herein and we are not soliciting you to purchase these securities. The offering is made only by the Offering Circular which includes risk factors. The Offering Circular may be obtained by writing or calling AGFinancial or by clicking here. AGFinancial investments are offered and sold only in states where authorized or exempt from authorization. Not available to new investors in Washington. Not available in Ohio.
Not FDIC or SIPC Insured. Not a Bank Deposit. No AGFinancial Guarantee.
AGFinancial is a DBA of Assemblies of God Loan Fund, an affiliated entity of Assemblies of God Financial Services Group.
Roth and Traditional IRA Contribution Limits
|Age 49 and under||100% of compensation, up to $6,000||100% of compensation, up to $6,000|
|Age 50 and older||100% of compensation, up to $7,000||100% of compensation, up to $7,000|
Max Adjusted Gross Income (MAGI)
|Roth IRA MAGI Phase-Out Ranges||Traditional IRA MAGI Limit for Partial Deductibility|
|Type of Individual||2019||2020||2019||2020|
|Single individuals or head of household||≥$122,000 but < $137,000||≥$124,000 but < $139,000||≥$64,000 but <$74,000||≥$65,000 but <$75,000|
|Married, filing jointly||≥$193,000 but <$203,000||≥$196,000 but <$206,000||≥$103,000 but <$123,000||≥$104,000 but <$124,000|
|Married, filing separately||≥$10,000||≥$10,000||≤$10,000||≤$10,000|
|Non-active participant spouse||n/a||n/a||≥$193,000 but <$203,000||≥$196,000 but <$206,000|