IRAs — Your Personal, Individual Retirement Account


Your Personal, Individual Retirement Account

IRA stands for Individual Retirement Account (or sometimes, Individual Retirement Arrangement). An IRA is not an actual investment but rather a personal account in which you can hold stocks, bonds, mutual funds and other assets. These accounts let you put money away for retirement, allow earnings to grow tax deferred, and not have to pay taxes until you make a withdrawal. You’ll learn that Roth IRAs have the unique privilege of allowing you to take withdrawals income-tax free once you reach certain milestones.

IRAs are another way to save for retirement and get the benefit of tax deferral.

IRA Eligibility Calculator

Do you qualify for IRA tax-advantages?

In this section, we’ll describe the different types of IRAs, including traditional, Roth and SEP IRAs. You’ll learn about  different tax advantages that kick in now or after you retire. We’ll also explain the various eligibility restrictions, contribution limits and withdrawal rules. You should come away with enough knowledge to decide which IRA may be right for you.

Plan with us

If you can contribute to an employer-sponsored retirement plan, such as a 401(k) plan, IRAs are another way to save for retirement and get the benefit of tax deferral on any investment earnings. IRAs offer you more diversification opportunities and additional investment and tax planning flexibility to supplement the opportunities available within your employer’s plan. If you don’t have an employer plan, IRAs may provide a good way to build retirement savings and get a break on your taxes.