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Roth IRA

TO: JMU Employees
FROM:  Human Resources
SUBJECT: Roth IRA

James Madison University offers the ability to participant in a Roth IRA through payroll deduction.

The Taxpayer Relief Act of 1997 created the Roth IRA, a completely new type of IRA. The Roth IRA allows you to invest in a tax-advantaged retirement account, and you (or your spouse) must work in order to contribute.  The Roth IRA contribution limit is $5,500 in 2013. Contributions are made with after-tax dollars, but are tax-free at the time of withdrawal.  Eligibility to participate in a Roth IRA depends on several factors such as adjusted gross income, your tax-filing status, and whether you currently participate in a company-sponsored retirement plan. A financial advisor will be able to provide you with additional information on a Roth IRA.

To participate, you must contact one of the companies listed below to set up an account and complete a Roth IRA Deduction form.

Ameriprise Financial Services                           LincolnNational
Andy Huggins (540) 434-4956                                 Deborah Scalise  (540) 433-9575
Frank Driver (540) 434-8278
Linda Hoover (540) 434-0484                                 
Jim Fraizer (540) 434-6344                                     
Christopher Goehner (540) 432-0978                     VALIC
Stephen Krech (540) 434-3622                               Sean Lankard (888) 477-2680
Beth Croushorn (540) 434-4956                              Michael Cooley (540) 459-7384
Michael Bowen (540) 434-0432

Met Life             
Ed Morrison (540) 433-9178

We are happy to provide you with this benefit. 

Roth IRA Payroll Deduction Form