Traditional IRA

Concerned about the state of Social Security?

There are many advantages to the Traditional IRA:

• Offers Independence, can be opened and funded without employer participation
• Possible Tax benefits, with contributions and/or earnings tax-deferred until retirement.
• Accessibility - Funds are always available
• Flexibility - there is no minimum contribution in any year

Details:

You can contribute if:

• You are under 70 1/2 and
  if you have earned income from employment
• Individuals may contribute up to $5000/year ($6000 if over 49 years of age)*
  

When can I use my IRA Assets?

Until age 59 1/2 there is a 10% early distribution penalty unless you qualify for an
exemption due to:

• Death
• Disability
• Qualifying medical expenses
• Qualifying educational expenses
• Unemployment (Under certain conditions)
• Qualifying First Home Purchase

Beginning at 70 1/2 distributions from a Traditional IRA must begin.

Please contact our representatives for additional details and Information.