Which CamaPlan is Right for You?

The chart below compares the various CamaPlan types available. Click each plan name for more information.

  Roth
IRA
Traditional
IRA
SEP
IRA
SIMPLE
IRA
Individual K ESA HSA
Type Individual Individual Business Business Business Individual (1) Individual/Family
Tax Deductible *
Qualified Tax Free Distribution Both (2)
Contribution Limits (3) Low Low High Medium High Low Low
Early Withdrawal Penalties None 10% +tax 10% +tax 10% +tax 10% +tax 10% +tax 20% +tax
Income Limit Restrictions
(3)

* Yes, for both business and individual
(1) Any beneficiary who is under age 18 or is a special needs beneficiary
(2) For medical expenses only…see publication 969
(3) See publication 590 for latest limits