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Planning for tomorrow.

Individual Retirement Accounts

An individual retirement account (IRA) is a retirement account that enables you to delay paying taxes until the money is withdrawn. There are different types of IRAs with various features.
What is CD

Benefits include:

  • Great way to start saving for retirement.
  • Contributions may be tax-deductible (discuss with your tax advisor).
  • Opportunity to earn a higher interest rate than other savings options.
  • No minimum contribution per year requirement.
  • IRAs are insured by the FDIC up to $250,000.

IRA Options

Traditional IRA

Offers potential immediate tax deductions for contributions, allowing you to lower your current taxable income.Excellent savings plans for those not covered by other plans but who have earned income.
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Roth IRA

Provides tax-free withdrawals in retirement, offering flexibility and potential for tax-free growth.Great long-term plan that offers tax-free accumulations and withdrawals.

SEP IRA

Ideal for self-employed individuals and small business owners, enabling significant contributions for retirement savings.Excellent contribution limits, IRS forms 5500/EZ not required, but 100% employer funded.
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Non-Deductible IRA

Allows high-income earners to contribute to a Traditional IRA even if they don’t qualify for tax deductions, still benefiting from tax-deferred growth.Great for high earners looking for looking for long-term growth.
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Simple IRA

Designed for small businesses, offering an easy-to-administer retirement plan with employer-matching contributions to help employees save for the future.Excellent choice for side businesses, small businesses and those with less than $50K annual income. 97% employer funded.
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