IRA Deposits

You can contribute to an IRA account using funds from your personal account or another IRA or employer’s qualified plan. Discover the differences between the two types of IRA account contributions by reading through the information below.

IRA account contributions from your personal account
Source of Funds
Personal account
Type of Deposit
Contribution
Is it deductible?
Deposit Description
Cash only
Maximum Yearly Contribution
The lesser of $5,500 or 100% of earned income for 2013 or for 2014.
Calendar Year Attributed to
for Tax Purposes
If the deposit is made by April 15, 2014, you can still attribute it to 2013. You may make your 2014 deposit at any time throughout the year.
Availability
All year
Frequency of Contribution
Unlimited up to maximum yearly contribution
IRA account contributions from another IRA or employer’s qualified plan
Source of Funds
Distribution from your employer's qualified plan
Type of Deposit
Rollover*
Rollover Asset Description
If you'd like, it may be possible to keep your same investments - or, you may convert to cash and deposit for different investment options within your rollover IRA
Maximum Yearly Contribution
No limit
Availability
All year
Frequency
Eligible rollovers from qualified plans may occur on an unlimited basis. Rollovers from IRAs have frequency limits depending on the source of those funds.