This chart shows the potential for increased savings under the new law. You can see the difference in making maximum contributions to an IRA over a 25-year period.
	Under the current limit of $2,000 per year, and assuming a hypothetical 8 percent rate of return, an IRA would be worth $157,909 in 25 years. With the new increased contribution limits, the account would be worth $324,918 by contributing the maximum allowable amounts. As you can see, retirement savers would have the potential to accumulate substantially more money in their IRAs by maximizing their contributions under the new tax law.
	This is a hypothetical example used for illustrative purposes only. It is not intended to represent the performance of any particular investment. Actual results will vary. Regular income taxes are owed for the years in which funds are withdrawn from a traditional IRA. Withdrawals taken before age 59½ may be subject to an additional 10 percent federal tax penalty. This example does not take into consideration any investment expenses, such as management fees or sales charges; the results shown would be reduced if they were. Rates of return will vary over time, particularly for long-term investments.
	And if you participate in an employer sponsored retirement plan, you would have the potential to accumulate a greater retirement nest egg by maximizing contributions under the Tax Reform Act’s higher contribution limits.