The Roth IRA gives you a significant tax advantage when you retire. All qualifying deposits and withdrawals from Roth IRAs are tax exempt. Roth IRAs give you security and flexibility in your investment options. BB&T offers a variety of investment choices for your Roth IRA.

Eligibility

Who is Eligible	Individuals with earned income, and an Adjusted Gross Income (AGI) less than $107,000 if single and less than $169,000 if married filing jointly Individuals with an AGI of $107,000–$122,000 if single, and $169,000–$179,000 if married may make a partial contribution
Eligible Income*	Wages Salaries Tips Professional fees Bonuses Taxable alimony Commissions received as a percentage of profits or sales price Self-employment income from a sole proprietorship Partnership income for which services have been provided
Ineligible Income*	Income from rental property Interest income Dividend income Pension or retirement income Annuity income Deferred compensation Foreign earned income Any income not included in gross for federal taxes

Contributions

Contribution Limits	For 2011, individuals younger than 50 may contribute $5,000 per year or 100 percent of eligible compensation, whichever is less. For 2011, individuals age 50 and older may contribute $6,000 or 100 percent of eligible compensation, whichever is less.
Tax Deduction	All contributions are nondeductible.
Additional Deposits	See the Options tab.

Withdrawals

To withdraw funds:

Assets must be on deposit for at least five years.
Owner must be over 59½, disabled, deceased, or a first-time home buyer.

Options

Money Rate Savings	Interest-bearing deposit account No maturity date Interest rate is tied to money market rates. $100 minimum opening deposit Additional deposits such as annual limit contributions, rollovers and transfers are allowed at any time. (Interest will accrue on all additional deposits at the same rate and APY** in effect at the time of the additional deposit.)
18-month Variable CD	18-month Certificate of Deposit Additional deposits such as annual limit contributions, rollovers and transfers are allowed at any time. (Interest will accrue on all additional deposits at the same rate and APY** in effect at the time of the additional deposit.) The CD automatically rolls over. $500 minimum opening deposit
Fixed Rate CD	Certificate of Deposit with the rate fixed for the term Terms available from 30 days to 60 months Additional contributions, up to the annual contribution limit, are allowed at any time. (Interest will accrue on all additional deposits at the same rate and APY** in effect at the time of the additional deposit.) Rollovers and transfers may be made at any time into a new time deposit under the same IRA plan. $500 minimum opening deposit
Monthly Saver IRA	Certificates of Deposit with terms from 30 days to 60 months Requires an automatic draft from a BB&T checking or savings account Drafts are for current year only and are subject to IRS contribution limits. (Interest will accrue on all additional deposits at the same rate and APY** in effect at the time of the additional deposit.) $100 minimum opening deposit