Individual Retirement Account
The Foundation of Your Future
No matter what you want your retirement to look like, now is the time to ensure you have the financial stability to live that life.
The retirement of your dreams starts with strategic deposits into your IRA Saving Account. Whether you choose a Traditional or Roth IRA, your automatic deposits into your Retirement Builder, as little as $5 per month, will lay the foundation for the future you’re planning. As your account reaches $1,000, it will roll automatically into your one-year IRA. This happens quarterly.
Please note the differences between a Traditional and Roth IRA, but remember that it is not intended as tax advice. For specific tax advice, please contact your tax advisor or our partner, Focus Tax Solutions.
A Traditional IRA is tax deductible, meaning you can deduct it from your taxes now. If you expect to be paying taxes in a lower bracket in the future, you’re going to want to deduct now.
Roth IRAs are the yoga instructors of the retirement options – a bit more flexible and generally pain free. They allow you to withdraw at any time, without taxes or penalties, and you aren’t required to take mandatory distributions at age 70 ½. This allows for things like first-time home purchases and more.
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