![]() Traditional IRAConcerned 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 IRA established limits ($6,500 as of 2023) 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:
Beginning at 70 1/2 distributions from a Traditional IRA must begin. Please contact our representatives for additional details and Information. |