Download Wells Fargo IRAs at-a

Open or contribute to an IRA by
April 15 to increase your retirement
savings and get potential tax benefits.
For more information about IRAs
and retirement planning resources,
please speak with your Wells Fargo
banker or call 1-800-BEST-IRA
(1-800-237-8472), Monday through
Friday, 8:00 a.m. – 10:00 p.m. and
Saturday, 8:00 a.m. – 5:00 p.m.
Eastern Time
Or, visit the Wells Fargo IRA Center
to learn more. Scan the code below
or visit: wellsfargo.com/ira
Can make a fully deductible Traditional IRA contribution or
maximum Roth IRA contribution if MAGI under limits. No
Traditional deductible contribution or Roth contribution if above
MAGI limits.
2
Wells Fargo Destination IRAs, both Traditional and Roth IRAs, are
available through Wells Fargo Bank, N.A., a member of the FDIC.
The maximum insurance coverage is $250,000 for all Traditional
and Roth IRAs, any Simplified Employee Pension accounts,
“Section 457” deferred compensation plan accounts, self-directed
Keogh plan accounts, and self-directed defined contribution plan
accounts owned by the same person at the same bank.
3
Brokerage products and services are offered through Wells Fargo
Advisors. Wells Fargo Advisors is the trade name used by two
separate registered broker-dealers: Wells Fargo Advisors, LLC and
Wells Fargo Advisors Financial Network, LLC, Members SIPC,
nonbank affiliates of Wells Fargo & Company.
—1
INVESTMENT AND INSURANCE PRODUCTS:
ARE NOT INSURED BY THE FDIC OR ANY OTHER
FEDERAL GOVERNMENT AGENCY
ARE NOT DEPOSITS OF OR GUARANTEED BY A BANK
MAY LOSE VALUE
Stock values fluctuate in response to the activities of individual
companies and general market and economic conditions. Bond
values fluctuate in response to the financial condition of individual
issuers, general market and economic conditions, and changes in
interest rates. In general, when interest rates rise, bond values fall
and investors may lose principal value.
Wells Fargo & Company and its affiliates do not provide tax or legal
advice. Please consult with your tax and legal advisors to determine
how this information may impact your own situation.
CD (Time Account) and Savings Account IRAs are available
through Wells Fargo Bank, N.A.
Wells Fargo Bank, N.A. is a banking affiliate of Wells Fargo & Company.
© 2014 Wells Fargo Bank, N.A. All rights reserved.
ECG-1218934 1214-00361
591862 Rev. 01 (1 ea)
Wells Fargo IRAs
at-a-glance 2014-2015
2014/2015 IRA eligibility and
contribution guidelines
Did you know you are eligible to contribute to an IRA whether you
contribute to an employer-sponsored retirement plan or not?
Traditional IRAs may be a good choice if you are seeking a tax
deduction, your income is too high to be eligible for a Roth IRA, or you
believe you will be in a lower tax bracket in retirement.
Roth IRAs may be a good choice if you are seeking tax-free withdrawals in
retirement, want to avoid required minimum distributions beginning at age 70½,
or feel you will be in the same or a higher tax bracket in retirement.
Contribution
eligibility
Deductions of
contributions
Traditional IRA
Roth IRA
• Under age 70½ with earned income, and
non-working spouse, if filing a joint tax return
• Any age with earned income and non-working
spouse, if filing a joint tax return
• Contributions are based on Modified Adjusted
Gross Income (MAGI). Below are the income
ranges in which you can make a partial
contribution to a Roth IRA1:
Single filers:
2014 $114,000 - $129,000 2015 $116,000 - $131,000
Joint filers:
2014 $181,000 - $191,000 2015 $183,000 - $193,000
Married filing separately:
2014 $0 - $10,000 2015 $0 - $10,000
• Full deduction if you and your spouse are not
• Contributions are not tax deductible
participants in an employer-sponsored retirement
plan, regardless of income.
• If you participate in an employer plan, deduction
is based on MAGI. Below are the income ranges
in which you can make a partially deductible
contribution to a Traditional IRA1:
Single filers:
2014 $60,000 - $70,000 2015 $61,000 - $71,000
Joint filers:
2014 $96,000 - $116,000 2015 $98,000 - $118,000
Married filing separately:
2014 $0 - $10,000 2015 $0 -$10,000
Maximum
contribution
Wells Fargo IRA features
Regardless of which type of IRA you choose, a Wells Fargo IRA can help meet your
retirement saving needs.
Wells Fargo Bank IRAs
Wells Fargo Destination IRA
2
Wells Fargo Advisors Investment IRAs
WellsTrade IRA3
Full Service Brokerage IRA3
Features
A savings account or CD (Time
Account)
An online brokerage account
for managing your own
investments, including making
low-cost trades
Ability to work with a
Financial Advisor who will
develop a personalized
investment strategy based
on your goals
FDIC insurance
Yes
NA
NA
To start saving with
small contributions
each month
Yes
NA
NA
Investments
Savings accounts or CDs/Time
Accounts with terms from 3 –
144 months
A wide array of investments
such as stocks, bonds, mutual
funds and ETFs
A wide array of investments
such as stocks, bonds, mutual
funds and ETFs
Minimum opening
deposit
$100 for savings
$1,000 for CDs/Time accounts
None
$1,000
Service/contact
Any Store Banker or
call 1-800-BEST-IRA
(1-800-237-8472)
Speak with a Wells Fargo
Advisors investment
professional or call
1-877-851-9607
Speak with a Financial Advisor
from Wells Fargo Advisors
or call 1-877-4WF-IRAS
(1-877-493-4727)
Fees
There may be costs associated
with the account such as Time
Account early withdrawal fees.
Fees for optional services may
also apply. See Wells Fargo
Bank Consumer Account Fee
and Information Schedule for
full details.
There may be costs associated
with the account such as
opening or closing fees.
In addition, there may be
costs associated with the
investments in the account
such as loads, expenses or
commissions. See Wells Fargo
Advisors fee schedule for
full details.
Take control of your retirement savings
• If your spouse is a plan participant, but
you’re not, your deduction is phased out if
your MAGI is:
Joint filers:
2014 $181,000 - $191,000 2015 $183,000 - $193,000
If retirement is a priority in your complete financial picture, the My
Retirement Plan® online tool can help you determine a realistic savings
goal and a way to get there one step at a time.
• Lesser of 100% of earned income or $5,500 for 2014 and 2015. If you’re over age 50, you can make an
additional $1,000 catch-up contribution for a maximum of $6,500.
Scan the QR code at left or visit: wellsfargo.com/myretirementplan