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Benefits of IRAs

Benefits of IRAs. By: Taylor Scott Communications 1010. Coming Soon. What is an IRA? Traditional VS Roth Possible Benefits. What is an IRA. I ndividual R etirement A rrangement Types of IRAs Traditional Roth Sep Simple. Traditional IRAs – Since 1975. Pre-Tax Money

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Benefits of IRAs

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  1. Benefits of IRAs By: Taylor Scott Communications 1010

  2. Coming Soon. . . • What is an IRA? • Traditional VS Roth • Possible Benefits

  3. What is an IRA • Individual Retirement Arrangement • Types of IRAs • Traditional • Roth • Sep • Simple

  4. Traditional IRAs – Since 1975 • Pre-Tax Money • Only Available Under Age 70 ½ • Not Taxable Until Age 70 ½ • Contribution Limits • RMDs

  5. Roth IRAs – Since 1998 • Post-Tax Money • Available At Any Age • Contribution Limits • Growth Not Taxable • Not Required To Distribute

  6. The Benefits • Can Claim Contributions On Income Taxes • If Qualified • Starting To Save Now Can Really Payoff!!

  7. Thank you • Contributing to an IRA now, can provide security later!! • “It’s a snowball effect, it’ll just grow”

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