Wachovia Tax Planning - Benefits of a Roth IRA

A Roth IRA may be one of the best ways for individuals to save for retirement, for one simple reason: the earnings on your investment are free from Federal income taxes as long as certain conditions are met.¹

For year 2007, the limit is $4000 if you are under age 50, and $5000 if you are over age 50.

For year 2008 and thereafter, the limit is $5000⁵ if you are under age 50, and $6000 if you are over age 50.

And, if you are 50 years of age⁴ or older, you can take advantage of a "catch-up" provision and set aside additional funds each year.

Mutual funds are sold by prospectus. Please consider the investment objectives, risk, charges and expenses carefully before investing. The prospectus, which contains this and other information, can be obtained by calling your financial advisor. Read it carefully before you invest.

Evergreen Investment Management Company, LLC is a subsidiary of Wachovia Corporation and a separate affiliate of Wachovia Securities.

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¹ Wachovia Securities is not a tax or legal advisor. Be sure to consult with your own tax and legal advisors before taking any action that may have tax consequences.

² Qualified Roth IRA distributions are not subject to state and local taxation in most states.

³ Qualified distributions before age 59 1/2 are also federally tax free if the account as been established for at least five years and are taken because of death, disability, or for a first-time home purchase (up to a lifetime cap of $10,000).

⁴ Your Modified Adjusted Gross Income (MAGI) is too high to contribute to a Roth IRA if it exceeds $166,000 in 2007 and $169,000 in 2008 for married taxpayers filing jointly or $114,000 in 2007 and $116,000 in 2008 for single taxpayers. Partial contributions are allowed for Roth IRAs if your MAGI is between $99,000 and $114,000 in 2007, and $101,000 and $116,000 in 2008 if single and between $156,000 and $166,000 in 2007, and $159,000 and $169,000 in 2008 if married, filing jointly.

⁵ Plus inflation adjustment in $500 increments beginning in 2009.

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.

This site is provided for your information and does not constitute tax advice. Please consult with your accountant or tax advisor for specific guidance. Withdrawals from an IRA made prior to age 59½ may be subject to a 10% IRS penalty in addition to ordinary income taxes.

Wachovia Securities Statement of Financial Condition
Audited - December 31, 2007
Unaudited - June 30, 2008

Securities and Insurance Products: Not Insured by FDIC or any Federal Government Agency; May Lose Value; Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate

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Roth IRA

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