Smart ways to save for Retirement
Looking for a nice nest egg for your retirement years? Two good ways to do it are with a Traditional IRA or a Roth IRA. We'd be happy to discuss how to put one or both to work for you.
A Traditional IRA may make sense if you:
Are eligible for a Traditional IRA deduction
Are not eligible to contribute to a Roth IRA
Anticipate a higher tax rate while saving
Anticipate a lower tax rate during retirement
Are interested in taking required minimum distribution (RMD) amounts during retirement
Are concerned about tax savings for beneficiaries
A Roth IRA may be more fitting if you:
Are not eligible for a Traditional IRA deduction
Anticipate a lower tax rate while saving
Anticipate a higher tax rate during retirement
Want to avoid required minimum distributions (RMDs)
Are concerned about tax savings for beneficiaries
Are not eligible to contribute to a Traditional IRA because of the age limit
VIEW ALL RATES AND FEES ASSOCIATED WITH IRAs
| Age | Traditional | Roth |
|---|---|---|
| Less than 50 | $7,000 | $7,000 |
| Catch-Up 50* or older | $1,000 | $1,000 |
| *Reaches age 50 before the close of the year for which the contribution is made | ||
For more information on IRAs click on any of the following brochures:
