What Your IRA Test Score Means

Individual Retirement Account Chart

 

If Your Test Score Is…

Under 14 Points:

An IRA may not be right for you at this time. Speak to one of our customer service representatives for more information.

14 Points or More:

If your age is 21 to 35:

Now is the ideal time to open an IRA. If you invest $2,000 a year at 6% or more, you could have $300,000 or more at age 65.

If your age is 36 to 45:

You’re in your peak earning years. Start an IRA today. Don’t delay.

If your age is 46 to 64:

If you haven’t opened an IRA by now, you should do so immediately.

If your age is 65 or more:

If you’re retired, it’s too late to open an IRA. But if you’re still working, you have until age 70-1/2 to continue investing for a more secure future.

Note:  This chart is for your information only. Be sure to consult a Customer Service Representative before opening a certificate of deposit or money market account.  ©2014 The Forms Group, All Rights Reserved