Individual Retirement Accounts

Traditional IRA

A Traditional Individual Retirement Account (IRA) is a type of retirement plan that allows an individual to make contributions that grow tax-deferred. Contributions to a Traditional IRA may be tax-deductible. Distributions are taxed when withdrawn from a Traditional IRA.

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Roth IRA

A Roth Individual Retirement Account (IRA) is a type of retirement plan that allows an individual to make non-deductible contributions that grow tax-deferred. Distributions are generally not taxed when withdrawn from a Roth IRA.

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Is a Traditional or Roth IRA right for you?

Employer-Sponsored Retirement Plans

SEP-IRA

A Simplified Employee Pension Individual Retirement Account (SEP-IRA) is a written plan that allows small business owners a simplified method to make contributions to their employees’ retirement or their own if they are self-employed. This type of retirement plan allows contributions to grow tax-deferred.

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SIMPLE IRA

A Savings Incentive Match Plan for Employees (SIMPLE IRA) is a retirement plan that may be established by employers, including self-employed individuals. The SIMPLE IRA allows eligible employees to contribute part of their pretax compensation to the plan. SIMPLE IRA plans are cost-effective and easy to establish and maintain.

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Is a SEP or Simple IRA right for you?

Coverdell Educational Savings Account

A Coverdell Education Savings Account is an account established to pay for qualified education expenses. Earnings within the account grow tax-deferred and are distributed tax-free when they are withdrawn to pay education expenses.

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