IRA Options

Traditional IRAs

In a Traditional IRA you can make tax-deductible contributions (subject to annual contribution limits).

While there are certain restrictions concerning when you can and when you must (age 70½) begin taking distributions, your investments earn income in your IRA tax deferred.

Roth IRA

Roth IRAs are funded with after tax contributions and allow your earnings to grow tax-free.

A major benefit of this type of IRA is that under most circumstances you can make tax-free withdrawals.

Conduit IRA

Conduit IRAs are very similar to IRA Rollovers in that they can hold assets received from an employer-sponsored retirement plan. However, to maintain Conduit IRA status, the IRA may not receive contributions from any other sources, such as regular IRA contributions.

Rolling over your distribution from a qualified plan into a Conduit IRA enables you to preserve the tax-deferred status of your contributions and allows you to later roll these assets into another qualified plan.

Educational IRA

Educational IRAs are an easy way to help fund the education costs of children or grandchildren.

IRA Rollovers

If you are nearing retirement or a job change, and you have participated in your employer’s retirement plan, you may soon be eligible to receive a substantial sum of money from the plan.

You can receive your distribution as a single lump sum pay-out or other “eligible rollover distribution,” either of which can be rolled into an Individual Retirement Account (IRA) to secure tax advantages.

IRA Rollovers offer significant tax advantages. When you receive an eligible rollover distribution from your employer’s qualified plan, you can defer paying tax by rolling the distribution over into an IRA. You postpone paying tax until distributions begin, and the income generated by investing your eligible rollover distribution will also continue to grow on a tax-deferred basis.

If you face investment management decisions associated with a lump sum pay-out of retirement funds, contact one of our trust representatives to see how an IRA Rollover Trust can help avoid unnecessary taxation, provide experienced investment management, protect your retirement savings, and help you meet your retirement planning goals.