Retirement Accounts

Individual Retirement Accounts (IRA)

Take con­trol of your retire­ment future by invest­ing in an IRA now. An IRA may serve as your pri­ma­ry retire­ment sav­ings vehi­cle or as a sup­ple­ment to a 401(k) or oth­er employ­er-spon­sored pro­gram. With tax advan­tages includ­ing tax-free and tax-deferred with­drawals, an IRA can help put you on the road to a com­fort­able retire­ment.

What is a Traditional IRA?

Invest­ing in a Tra­di­tion­al IRA per­son­al sav­ings plan is one way to pro­vide your­self sup­ple­men­tal retire­ment income and reduce your depen­dence on Social Secu­ri­ty ben­e­fits.
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What is a Roth IRA?

A Roth IRA offers you the poten­tial for tax-free dis­tri­b­u­tions at retire­ment. While you must have earned income to con­tribute to a Roth, and con­tri­bu­tions are not tax deductible, you won’t pay fed­er­al tax­es on div­i­dends or cap­i­tal gains you have earned if you have a qual­i­fied dis­tri­b­u­tion.
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What is a Stretch IRA?

A Stretch IRA is a ben­e­fi­cia­ry-nam­ing strat­e­gy for trans­fer­ring your wealth across gen­er­a­tions. A savvy and straight­for­ward invest­ment sav­ings con­cept, the Stretch IRA lit­er­al­ly “spreads the wealth” to oth­ers, pro­vid­ing you peace of mind and your ben­e­fi­cia­ries an added source of income.
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Roth Conversions

For some investors, a Roth IRA may pro­vide greater after-tax income dur­ing retire­ment than a Tra­di­tion­al IRA. While con­vert­ing to a Roth is a tax­able event, the ben­e­fits may out­weigh the tax con­se­quences for many. Addi­tion­al­ly, tax laws that pre­vi­ous­ly pre­vent­ed high­er-net-worth investors from con­vert­ing to a Roth have changed. Regard­less of your annu­al income or tax-fil­ing sta­tus, you can con­vert a Tra­di­tion­al IRA to a Roth.
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