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Traditional IRA

Concerned about the state of Social Security?

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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.

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PO Box 477
La Junta, Colorado 81050
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301 North Main Street
PO Box 711
Rocky Ford, Colorado 81067
(719) 254-7821

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7495 McLaughlin Road
Falcon, Colorado 80831
(719) 494-2265
 

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