Take control of your retirement savings
Save for a comfortable retirement
Prepare financially for retirement
During retirement, it’s crucial you have enough income to cover expenses and live the life you want. An IRA gives you an additional account to save for to better enjoy your retirement.
What is an IRA?
An IRA is a form of retirement plan that offers certain tax advantages. The two most common accounts are traditional IRAs and Roth IRAs. Each offers different tax advantages and benefits.
What are the Benefits of an
IRA?
A less risky and more predictable method of savings.
Flexible options
Tax-advantaged long-term savings vehicle
Saving for retirement
Meet with one of our wealth advisors today to determine if a traditional or Roth IRA is right for you.
Explore Our Accounts
Traditional and Roth IRAs are very similar, but there are some distinct differences.
Traditional ira
Traditional IRAs are ideal for investors at high or peak earning potential who expect a lower tax rate in retirement. With a Traditional IRA, you may contribute annually up to $5,000 or 100% of employment compensation – whichever is less. At age 50, $6,000 can be distributed.
Earnings are tax-deferred until withdrawn, and may be tax-deductible depending on modified gross income and other factors. Please consult a Tax Advisor for more information.
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**Subject to IRS rules. Please consult a tax advisor.
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roth ira
Roth IRAs are a good option for investors with growing earning potential who expect the same or a higher tax rate in retirement. With a Roth IRA, you may contribute annually up to $5,000 or 100% of employment compensation – whichever is less. At age 50, $6,000 can be distributed.
Contributions to a Roth IRA are not tax deductible, but earnings are tax free when withdrawn. Please consult a Tax Advisor for more information.
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**Subject to IRS rules. Please consult a tax advisor.
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To open an IRA account, please visit your nearest PrimeTrust branch.
