Traditional IRA
Tax deferred growth fuels your retirement.
A traditional IRA is a valuable option for any retirement planning portfolio because of its tax-deferred growth.
Work at saving today…enjoy your retirement tomorrow:
- Tax deferred growth: interest compounds faster because you don't pay taxes on earnings until you make a withdrawal
- Tax deductibility: Contributions are made with pre-tax dollars and can be partly or fully tax deductible depending on income and if you are in an your employer's retirement plan.
- Contributions: Maximum contribution per year is $5,000 or 100% of your earned income, whichever is less. Those 50 years old or better can contribute an additional $1,000 per year as a catch-up feature.
- Withdrawals: Withdrawals are taxed as ordinary income. Qualified withdrawals can begin at age 59 ½ but must begin by age 70 1/2. You may withdraw money from your IRA without penalty in a number of other circumstances:
- Purchase of a first home
- Death or disability
- Taking equal periodic payments
- Payment for certain health insurance, medical expenses, or higher education expenses
Traditional IRA's are offered through PrimeVest Financial Services. IRA's offered through PrimeVest are not FDIC insured.
PrimeVest also offers Rollover IRAs and Roth IRAs.
PRIMEVEST Financial Services, Inc. is an independent, registered broker/dealer and registered investment adviser. Member SIPC/FINRA. Securities and insurance products offered by PRIMEVEST: * Not FDIC insured * May go down in value * not financial institution guaranteed * Not a deposit * not insured by any federal government agency.
View PRIMEVEST privacy policy and other important information .
Investment Executives are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with residents of other states will only be made upon compliance with applicable licensing and registration requirements. The information in this website is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside of the United States.
