Individual Retirement Accounts (IRA)
One of the best ways to secure your financial future for your retirement or education is to open an IRA (Individual Retirement Account). Choose from a share savings or a certificate with terms of 12-60 months to invest your retirement dollars.
Compensation earning individuals under age 70 ½ or those whose spouses are compensated may contribute
Individuals receiving compensation from a qualified retirement plan may move proceeds to an IRA
Deposits are federal tax exempt until withdrawal during retirement
Money may be deducted from taxable gross income under certain criteria
Consult with your tax adviser for full disclosure on tax benefits
Contribution made with after-tax dollars
Withdrawals are tax-free provided you conform to plan requirements
Consult with a tax adviser for full disclosure on tax benefits
For more information on the IRA plan best suited for your needs or to meet with us to discuss, give us a call at 513-385-5921.