Azzad Mutual Funds

Ethical Wrap Program

Download Important Information

Prospectus

Wrap Brochure

Minimum to open

$500

$4,000*

Download Roth Application

Application

Application

Eligibility

To qualify for full contribution:

• Single filers: MAGI must be less than $105K
• Joint filers: MAGI must be less than $166K ($167K, 2010)

Contribution limit under age 50

• Year 2009: $5,000
• Year 2010: $5,000

*Or 100% of earned income whichever is less

Contribution limit over age 50

• Year 2009: $6,000
• Year 2010: $6,000

*Or 100% of earned income whichever is less

Spouse contributions

If you are married and file a joint income tax return (and meet annual compensation requirement) you may also contribute to a Roth IRA for your spouse even if he/she has no taxable compensation for the year.

Deadline

Generally April 15

Tax Advantages

Roth IRA Contributions

Not tax-deductible

Roth IRA Earnings

Your earnings grow tax deferred

Withdrawals after age 59½ & account has been open for five years

Earnings may be withdrawn tax-free

Withdrawals before age 59½

10% early withdrawal penalty before age 59½ (and does not meet one of the early withdrawal exceptions). Withdrawals will be taxed. Penalty-free withdrawals permitted before age 59½ for first-time home purchase up to $10,000, higher education expenses or in event of disability or death.

• Withdrawal flexibility
• Your account grows tax deferred
• Qualified withdrawals are tax free
• No required minimum distribution allowing you to use the Roth as an estate planning tool
• A tax-smart way to build your retirement nest

• Contributions are not tax deductible
• Withdrawals prior to age 59½ may be subject to 10% penalty tax
• Ability to contribute is phased out for higher incomes