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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


  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:

  • 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.