Individual Retirement Account (IRA)

Put this tax-advantaged plan on your side

Invest your pre-tax dollars in a traditional IRA and let it grow tax-free. Or invest your post-tax dollars in a Roth IRA and enjoy tax-free withdrawals on qualified dollars in retirement..

Traditional IRAs – Tax-deferred growth

You won’t pay taxes on your account until you withdraw the money.
Tax-deductible contributions - Qualify for full or partial tax deduction of annual contributions, if under the age of 70-1/2 earning income with no employer-sponsored qualified retirement plan.

Rollover IRAs – Continued tax-deferred growth

When you leave or change jobs, preserve the tax-deferred status of your retirement money.
Same tax-deductible contribution rules, withdrawal penalties and maximum contribution limits as a Traditional IRA.

ROTH IRAs – Tax-free income in retirement

Minimize taxes in retirement or leave assets to heirs tax-free.
Your after-tax contributions aren’t taxed again when you withdraw the money. Certain earned income conditions apply. Visit IRS for details
Tax-exempt growth of your contributions and investment earnings.

Inherited IRA

Talk with a Financial Advisor about options surrounding inherited IRAs, as well as seeking the advice of a tax professional to understand the full implications of tax laws that may apply.