IRA COMPARISON CHART

Features and Benefits Rollover IRA Traditional IRA Roth IRA SEP IRA Description Appeals to eligible investors who: Want to move retirement funds from an employer-sponsored plan to an IRA Anticipate being in a lower tax bracket in retirement, or Meet the criteria for making tax-deductible contributions and are most interested in a current tax deduction or not eligible to contribute to a Roth IRA Want tax-deferred earnings and qualified tax-free distributions Expect their tax bracket to be the same or higher in retirement Looking for tax-free income at retirement Interested in passing IRA assets to their heirs May not need their IRA assets to cover living expenses during retirement Are self-employed individuals or business owners with employees2 Prefer a plan that is easy to set up and maintain Minimum balance None Some investments may have minimums associated with them None Some investments may have minimums associated with them None Some investments may have minimums associated with them None Some investments may have minimums associated with them Online Access Account access to trading, balances, and activity through online brokerage Account access to trading, balances, and activity through online brokerage Account access to trading, balances, and activity through online brokerage Account access to trading, balances, and activity through online brokerage Contributions Annual Maximum Contribution Eligible rollover amounts from employer sponsored plans are unlimited, but contribution limits are the same as Traditional IRAs Lesser of 100 percent of your earned income, or: 2008 & beyond: $5,000 (to be adjusted annually for inflation after 2009) Aggregated with other IRA accounts (except Education Savings Accounts, SEP & Simple Employer Contributions) Lesser of 100 percent of your earned income, or: 2008 & beyond: $5,000 (to be adjusted annually for inflation after 2009) Aggregated with other IRA accounts (except Education Savings Accounts, SEP & Simple Employer Contributions) Employer contributions only Total contributions to each employee's IRA cannot exceed the lesser of $46,000 for 2008 or 25% of pay Catch-Up Provisions (for individuals age 50 and older) Same as Traditional IRA1 $1,000 $1,000 No Contribution Deadline April 15 of the following year, the tax filing deadline for Traditional IRA contributions. April 15 of the following year, the tax filing deadline. April 15 of the following year, the tax filing deadline. The company's tax filing deadline, plus extensions. Restrictions on Contributions Same as Traditional IRA1 Contributions can only be made prior to the year in which the IRA owner turns 70 ½ Must have earned income No age requirements Tax year 2008: Not available for taxpayers with annual Adjusted Gross Income over $116,000 (single) and $169,000 (joint) Must have earned income Employer contributions only Some employees may be excluded from this plan Deductible Contributions? Same as Traditional IRA1 Subject to income limits and participation in an employer-sponsored plan Contributions are not tax-deductible Contributions are tax-deductible for the business, up to 20% of modified net earnings (self-employed) or 25% of salary (employees) Distributions Taxation on Distributions Same as traditional IRA Distributions are subject to current federal income taxes and a possible 10% penalty (if the participant is under age 59½) Earnings and deductible contributions are taxed as ordinary income 10% federal tax penalty before age 59 ½ unless due to death, disability, eligible medical expenses, certain unemployed individual's health insurance premiums, limited "first time" home purchase ($10,000 life-time maximum), qualified higher expenses or IRS levy. No tax on non-deductible contributions Qualified distributions of contributions may generally be distributed tax- and penalty-free Earnings are distributed tax-free and penalty free if held at least five years in the Roth IRA and either paid out after age 59 ½ or because of one of the following: (1) Death (2) Disability (3) First home purchase If earnings are taken earlier, they are subject to ordinary income tax and may be subject to a 10% penalty Same as traditional IRA Distributions are subject to current federal income taxes and a possible 10% federal tax penalty (if the participant is under age 59½) Mandatory Distributions Same as traditional IRA Age 70 ½ or death None during lifetime Beneficiary (except spouse) must begin the year following the IRA owner's death Same as traditional IRA Set-up and Annual Account Maintenance Fee3 Set-up costs None None None None Annual Fee Self-Directed Brokerage IRA $50 Ways to waive the fee4 Self-Directed Brokerage IRA $50 Ways to waive the fee4 Self-Directed Brokerage IRA $50 Ways to waive the fee4 Self-Directed Brokerage IRA $50 Ways to waive the fee54 Investments Choices Full spectrum of investment choices, including: Mutual Funds (load and no-load) Stocks Bonds Options on stocks and common indexes FDIC-insured bank products (fixed-rate CDs and money market accounts) Full spectrum of investment choices, including: Mutual Funds (load and no-load) Stocks Bonds Options on stocks and common indexes FDIC-insured bank products (fixed-rate CDs and money market accounts) Full spectrum of investment choices, including: Mutual Funds (load and no-load) Stocks Bonds Options on stocks and common indexes FDIC-insured bank products (fixed-rate CDs and money market accounts) Full spectrum of investment choices, including: Mutual Funds (load and no-load) Stocks Bonds Options on stocks and common indexes FDIC-insured bank products (fixed-rate CDs and money market accounts) Relationships Professional assistance5 or do-it-yourself investing6 Professional assistance5 or do-it-yourself investing6 Professional assistance5 or do-it-yourself investing6 Professional assistance5 or do-it-yourself investing6

Wachovia Securities is the trade name used by two separate, registered broker-dealers and non-bank affiliates of Wachovia Corporation providing certain retail securities brokerage services: Wachovia Securities, LLC, Member NYSE/SIPC, and Wachovia Securities Financial Network, LLC, Member FINRA /SIPC.

Bank products, such as CDs and money market accounts, are offered by Wachovia Bank, N.A. Only deposit products are FDIC-insured.

Wachovia Securities Statement of Financial Condition
Audited - December 31, 2007 
Unaudited - June 30, 2007 

Withdrawals are taxed as ordinary income and may be subject to a 10% Federal penalty if taken prior to age 59 1/2.

Retirement specialists, when registered, are registered with Wachovia Securities. Retirement specialists, whether registered or not, are employees of Wachovia Bank, N.A. Investment services are offered through Wachovia Securities, LLC member NYSE & SIPC, a registered broker-dealer and separate non-bank affiliate of Wachovia Corporation.

Qualified Roth IRA distributions are not subject to state and local taxation in most states.

Wachovia Securities does not provide legal, accounting or tax advice. Please consult with your own legal or tax advisors before making any decision that may have tax consequences.

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