Individual Retirement Accounts
Individual Retirement Accounts offer a terrific way to save for retirement. Contributions grow tax-deferred until withdrawal, helping your money grow faster, while enabling you to leverage certain tax advantages, too.
Choose from the following:
- Traditional IRA – Allows you to save for retirement. One of the key tax advantages of this type of IRA is having your savings grow tax-free until withdrawal, allowing your money to grow faster.
- Roth IRA – This type of IRA allows only non-deductible contributions, however, withdrawals are tax-free (from federal taxes) after a five-year holding period.
- SEP IRA – A Simplified Employee Pension Individual Retirement Account (SEP IRA) is used by business owers to provide retirement benefits for the business owners and their employees