IRA’s
Savings are the foundation for your financial freedom. It’s never too soon to start planning for retirement or your child’s education. The sooner you start, the longer your money will last. Pick your path to financial stability.
- Traditional Individual Retirement Account (IRA) – Tax-deferred growth and tax-deductible contributions
- Roth Individual Retirement Account (IRA) – Tax-free growth and tax-free qualified withdrawals
- Coverdell Education Savings Account (ESA) –Pay for your child or grandchild’s qualified educational expenses, tax-free
Welcome can help you create a roadmap specific to your goals. If you seek to build a retirement portfolio with confidence, start today for your tomorrow.
Key Features
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Long-term Savings Options
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Possible Tax Benefits
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No Maintenance Fees
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Roll Over Funds From Qualified Programs
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Traditional IRA
- Open with as little as $100
- Dividend earnings are tax deferred
- Contributions can be tax deductible (consult your tax advisor)
- No maintenance fees
- Mandatory withdrawals at age 70.5
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Roth IRA
- No required minimum distributions
- No maintenance fees
- Principal contributions can be withdrawn without penalty (consult your tax advisor)
- Earnings and withdrawals tax-free at age 59.5
- Contributions from earned income can be made after age 70.5
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Coverdell Educational Savings Account
- Anyone can contribute up to $2,000 per child each year
- Deposits grow tax-free until distributed
- Can be used for qualified educational expenses (consult your tax advisor)
- Participation is subject to income restrictions
