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
Ed Morrison (540) 433-9178
We are happy to provide you with this benefit.