INDIVIDUAL RETIREMENT ACCCOUNTS
Helping you save for the future.
IRAs are investment vehicles with particular tax advantages that can help you save for retirement.
Provided you meet the eligibility requirements, a traditional IRA offers the immediate benefit of tax-deferred contributions. It also provides the long-term benefit of a tax deferral on earnings. This means you pay no taxes on your investment earnings until you begin making withdrawals, which is usually after you retire and are in a lower tax bracket.
Contributions to a Roth IRA are not tax deductible, but if you meet certain requirements all earnings are tax-free when you, or a beneficiary, withdraw them.
SEP-IRA and SIMPLE-IRA
SEP (Simplified Employee Pension) and SIMPLE (Savings Incentive Match Plan for Employees) plans offer tax advantages that help small business owners, their employees, and self-employed individuals save and invest for retirement.
Providing a steady stream of income.
Annuities offer two distinct retirement-planning benefits: They can provide a guaranteed stream of income 1 and don’t require you to pay taxes on earnings until you begin withdrawals in retirement (withdrawals made prior to age 59 1/2 may be subject to a tax penalty).
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1. Guarantee depends on the claims-paying ability of the issuing insurance company.