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Traditional IRA
An Individual Retirement Account (IRA) is a tax-deferred personal retirement account. Depending on your income, tax-filing status, and coverage by an employer-sponsored retirement plan, your contributions may be tax-deductible.
Beneficiary IRA
A beneficiary IRA is one of the options a beneficiary has if they have inherited an IRA. There are many regulations governing this type of account and we recommend you speak to your tax advisor before making a final decision.
Rollover IRA
A rollover refers to the tax-free transfer of money from your profit sharing or 401k plan or from your traditional IRA account to a new IRA account. As with all transfer of funds within your retirement accounts, you must first determine that this is an allowable transaction within your plan.
SEP-IRA
A Simplified Employee Pension IRA (SEP-IRA) is a tax-deferred retirement plan provided by sole proprietors or small businesses, most of which do not offer any other type of retirement plan. Contributions are made by the employer and are subject to the same rules as a traditional IRA.
ROTH IRA
A ROTH IRA is a tax-deferred retirement account that allows qualified distributions to be made completely tax-free. ROTH contributions are made with after-tax income and are not tax deductible.
For additional information on retirement account options, please visit . |
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