Account Formation
- Traditional IRA
- Roth IRA
- SEP IRA
Weighing your Retirement Account (IRA) options?
If you have earned income, you can open and contribute to an IRA, even if you have a 401(k) plan through an employer. The IRS limits the combined total you can contribute to all your accounts in a year while still getting tax advantages.
The two most common IRAs are traditional and Roth IRAs. Here’s a quick breakdown of their contribution limits, tax treatments, and distribution requirements:
The experts at Robindale Consultants can help you explore traditional and Roth IRAs to determine which type is right for your unique financial situation.