Individual IRA Advantages

Help ensure the retirement of your dreams by contributing today to an Individual Retirement Annuity (IRA).

IRAs for Retirement

To help meet your individual retirement savings needs, consider the following:

  • Roth IRAs include contributions made with after-tax money. Although no income tax deduction is available when contributions are made, qualified withdrawals are usually exempt from federal income tax and IRS penalties.
  • Traditional IRAs usually feature the advantage of making tax-deductible contributions. Also, taxes are not paid on earnings until the money is withdrawn.

Choosing a Rollover

Rollovers are useful for transferring money from an employer-sponsored 401(k) plan to an IRA. By avoiding early cash-out, rollovers can help individuals retain their hard-earned savings and maintain control of their assets.

For more details on using an IRA or rollover to meet your retirement goals, contact your local WoodmenLife Representative.

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