We are experts in retirement planning. Let us help you choose the IRA option that’s right for you.
IRA Rollover - You can defer income taxes, sometimes for many years, by rolling your lump-sum distribution from a 401(k) plan or other employer-provided qualified retirement plan into an IRA.
Roth IRA - Contributions to a Roth IRA are not tax-deductible, but earnings are tax-free. With a Roth IRA you may take certain early distributions without paying the early distribution penalty and are not required to take mandatory distributions at any age. However, if you're over age 59½ and have had your Roth IRA for more than five years distributions are tax-free.
Traditional IRA - Contributions to your Traditional IRA may be tax-deductible and earnings are tax-deferred until you begin to take distributions. You may begin distributions at age 59½ and distributions are mandatory beginning at age 70½.
Simple Employee Pension Plan (SEP IRA) - Plans can be established by a one-person business or a business owner with employees. SEP IRAs are generally 100 percent tax-deductible and earnings grow tax-deferred until withdrawn. Withdrawals after age 59½ are taxed as ordinary income.
Inherited IRA - IRS regulations now allow beneficiaries the ability to extend IRA benefits. Our professionals can explain the choices available.
Special conditions for each Individual Retirement Account apply. Account owners must meet specific guidelines to take advantage of the different benefits.