Why invest in an IRA?
Whether you’ve been working hard throughout the years to create a retirement nest egg for yourself in an employer’s retirement plan, or maybe you’re just get started on your retirement saving journey and don’t know where to start, we are here to help.
Choosing what to do with your retirement savings before and after retirement may be one of the most important investment decisions you’ll have to make. With the help of our retirement services team, and some advanced planning, you can preserve your retirement benefits and access their growth potential through a managed IRA.
We can help you understand all your options for your retirement funds, and answer any questions you might have, such as:
- The Advantages of a Direct Rollover
- Recommendations on Investing Your Money
- Potential Tax Considerations
- Contribution and/or Distribution Rules
Contact one of our retirement professionals today at (806) 792-1000 or (888) 607-4277.
*This information is general in nature and is not intended to be relied on as tax advice. Please consult a tax professional for specific tax advice.
IRA accounts we offer:
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Traditional IRAs
(Not employer-sponsored)
The most basic IRA can be used as a tax-deferred retirement plan, or customers can use it to roll over funds from another qualified plan. Contributions to Traditional IRAs may be tax-deductible, and no taxes are assessed on gains or earnings until the funds are taken out of the IRA.
Learn more about Traditional IRAs.
Roth IRAs
(Not Employer-Sponsored)
Contributions made to Roth IRAs are not tax-deductible; however, earnings accumulate tax-free. Distributions may also be tax-free if the customer satisfies some specific requirements.
SEP IRAs
A SEP (Simplified Employee Pension) IRA is a Traditional IRA set up under a written arrangement that allows employers to contribute to the IRA on the employee's behalf (employer contributions may be discretionary). Generally, SEP IRAs have the same rules and requirements as Traditional IRAs.
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