IRAs

While there is a lot to know about IRAs, the following is a brief definition.

An individual retirement account (IRA) is a personal savings plan that offers an individual, tax incentives to set aside money for their retirement. A traditional IRA is any IRA that is not a Roth IRA, a SIMPLE IRA, or an Education Savings Account (which used to be called Education IRAs). Using this definition, a SEP IRA is also a traditional IRA, but special rules apply to them.

If you would like to know more about Traditional IRA's please contact us and set up an appointment with one of our representatives.

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