Save now & enjoy later
Got big plans to make the most of your freedom when you retire? Better start saving for retirement now! Setting up Individual Retirement Accounts (IRAs) can help you plan a successful financial future—don’t worry, we’ll walk you through it. Learn below whether a Roth or Traditional IRA best suits your financial situation.
Details:
- Choose between Traditional and Roth IRAs
- Earn competitive dividends
- Tax-advantaged* way of saving for retirement
- Contribute as often as you like
- No setup or maintenance fees
*Consult a tax advisor
Compare Traditional vs Roth
Traditional
- Contributions are tax deductible on state and federal income tax*
- Withdrawals may begin at age 59½
- Early withdrawals subject to penalty**
- Mandatory withdrawals begin at age 73
*Consult a tax advisor.
**Certain exceptions apply, such as healthcare, purchasing first home, etc.
Roth
- There are some income limits to qualify to make contributions
- Contributions are not tax-deductible
- Earnings are tax-free at withdrawal
- Principal contributions may be withdrawn without penalty
- Withdrawals on interest may begin at age 59½
- Early withdrawals on interest subject to penalty*
- No mandatory distribution age
*Certain exceptions apply, such as healthcare, purchasing first home, etc.
“I just want to thank you for following up and making sure everything went through with my account. You helped greatly with my retirement plan, which will help me in the long-run!”
Walter
