Yes. It is up to the employee to determine if you meet the applicable income limits to contribute to a Roth IRA account. Simply put, if you make over a certain amount of income in a given year, you may not be eligible. This income limit is determined by the IRS and is based on something called your Modified Adjusted Gross Income (MAGI). You can use this worksheet from the IRS to help you calculate your MAGI. Your MAGI will then determine how much you are able to contribute to your Roth IRA account. Generally speaking, if you file taxes as a single person and your MAGI is under $161K in 2024, or if you are married and file jointly and your MAGI is under $240K, you will be able to contribute the maximum amount of $7,000 ($8,000 if you’re 50 or older). At this time OregonSaves offers Traditional IRAs to savers who need to recharacterize prior year contributions. Traditional IRAs do not have an income limit.

Yes, if you have earned income you can join through a facilitating employer or by signing yourself up. 

Yes, if you are 18 or older, have earned income, are employed in Oregon, and are eligible to contribute to an IRA, you can sign up yourself here. You can set up automatic contributions through your bank account or contribute by check using a mail-in paper form after your account has been set up. If you work for an employer that is not required to facilitate OregonSaves, you may still be able to contribute through payroll deductions, but only if your employer is willing to set up a deduction for you.

Yes. If you are 18 or older, have earned income, are employed in Oregon, and are eligible to contribute to an IRA, you can sign up yourself here. You can set up through your bank account or by check using a mail-in paper form after the account has been set up. And you may be able to contribute through payroll deductions, but only if your employer is willing to set up a deduction for you. Please note that there are IRS limits to how much you can contribute to a Roth IRA. If you have any questions regarding these limits, please consult with an accountant or tax advisor.

Yes. If you are 18 or older, have earned income, are employed in Oregon, and are eligible to contribute to an IRA, you can sign up yourself here. You can set up automatic contributions through your bank account or contribute by check using a mail-in paper form after the account has been set up. And you may be able to contribute through payroll deductions, but only if your employer is willing to set up a deduction for you.

You can opt out at any time online or by calling 1-844-661-6777, or by mailing in a completed Opt-Out Form to the program. You can rejoin the program at any time by notifying your employer that you would like to start contributing to your account again, or by signing yourself up if you meet eligibility requirements.

Yes, however, you can be enrolled and have an account created only if you work for more than 60 days and if enough verifiable information is available to create an account in your name. If the program is unable to verify your information, an account will not be established for you.

Yes, if you work for an employer for more than 60 days, which is the window for employers to enroll new hires. If you work for fewer than 60 days, your employer will not enroll you.

Full-time students in work-study programs cannot be enrolled.

Only workers with a verifiable individual tax identification number (ITIN) or Social Security number (SSN) can participate in the program. If your information cannot be verified, you will not be enrolled, and an account will not be established for you.