IRAs
IRAs
An IRA is a personal retirement savings plan that can usually be funded monthly or annually. Depending on your taxable income and your retirement plans, there’s an IRA for you.
Two main options are traditional and Roth IRAs.
Traditional IRAs
Perfect for the investor thinking forward with pre-tax dollars.
May be tax deductible (see a tax consultant).
Some taxes will be due when withdrawing from your IRA at retirement.
Roth IRAs
After-tax dollars to help you invest in the future
Any returns made from a Roth IRA are yours no tax implications.
Roth IRA contributions are not tax deductible.