Individual Retirement Planning

Learn the benefits of different retirement savings strategies
  • Maximize tax benefits.*
  • Learn about contribution limits.
  • Get advice from a trained specialist.
  • Find a trusted team member near you.

Enjoy significant tax advantages as you
save for life's next chapter.*

Some accounts offer annual deductions, while others feature tax-free withdrawals.

No doubt you've heard that Individual Retirement Accounts (IRAs) are a great 2-for-1 deal. Not only do they help you accelerate your savings, but they offer major tax benefits. But the two most popular IRAs - Traditional and Roth - offer those tax breaks in very different ways. The Wealth Management team can help walk you through the key differences and help you choose an appropriate investment strategy.

Traditional IRA

  • Contribute up to $6,000 per year (up to $7,000 if age 50 and over).
  • Enjoy possible tax deductions each year a contribution is made.
  • Withdraw funds without penalty beginning at age 59-1/2.
  • Pay taxes when money is withdrawn from account.

Roth IRA

  • Contribute up to $6,000 per year (up to $7,000 if you're age 50 or older).
  • No deduction for annual contributions.
  • Withdraw funds tax-free, beginning at age 59-1/2.
  • Make use of funds for higher education and housing purchases, in some instances.

Rollover IRA

  • Move assets from an administered retirement plan, typically from an employer.
  • Open or contribute to IRAs when you change jobs or receive a distribution from an employer's retirement plan.
  • Take advantage of benefits offered by many Rollover IRAs, including more investment choices and lower fees than a 401(k) or similar account. 
  • Enjoy tax-free earnings growth, but pay taxes on withdrawals.
  • Continue with your current 401(k) provider and existing financial plan, or consider other options including various rollovers.
Investment Management
Guiding your money moves, every step of the way.