Roth IRA
- All capital appreciation and earnings grow without current
taxation.
- If certain requirements are met, funds can be withdrawn
tax-free.
- Never before has there been a means of compounding assets at
"taxable" returns with no related income-tax liability.
- All accumulations can be passed to heirs free of income
taxes.
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Roth IRA Conversion
- Traditional IRA may be eligible to convert into a
Roth IRA.
- Converting a traditional IRA into a Roth IRA is a taxable
event.
- Your representative can evaluate the benefit to you.
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Self-Directed Traditional IRA
- All capital appreciation and earnings grow without current
taxation until funds are withdrawn.
- Flexible way to plan and build substantial retirement income
because you control the specific investments made.
- Investments can be changed at your discretion.
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Financial Horizons Program
"Retirement security in a
changing world."
A complete and comprehensive Financial Review includes the
following:
- Investment Allocation Review
- Retirement Security Review
- Estate Planning Review
- Life Insurance Needs Review
- Children's Education Review
- Income Tax & Cash Flow Review
Receive our quarterly, easy-to-read, newsletter
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401k
- Employer sponsored program.
- Funded by employee salary deferrals.
- Mutual funds or self-directed investing.
- $15,000 maximum annual investment for 2006 plus catch-up deferral of $5,000 if you are 50 or over.
(maximum annual investment limits increase periodically).
- Can change fixed investment amount twice a year.
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Simple IRA
- Employer sponsored program (less than 100
employees).
- Funded by employee salary deferrals.
- Pre-tax income investing.
- Mutual funds or self-directed investing.
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Coverdell ESAs
- $2,000 per year until the child is 18.
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Contribution
Limits
| Tax Year |
Traditional & Roth IRA* |
Simple IRA |
SAR-SEP |
ESA |
| 2005 |
$4000 |
$10,000 |
$14,000 |
$2000 |
| 2006 & 2007 |
$4000 |
$10,000 |
$15,000 |
$2000 |
| 2008 & After** |
$5000 |
May be indexed for inflation in $500
increments |
$2000 |
* This includes Traditional IRA contributions made by an
employee into their own SEP IRA account.
** The maximum Traditional and Roth IRA contribution amounts may be adjusted for inflation
in 2009 & 2010.
Catch-up Contributions
Additional Amount that can be
Contributed |
| Tax Year |
Traditional OR Roth IRA* |
Simple IRA |
SAR-SEP IRA |
| 2005 |
$500 |
$2000 |
$4000 |
| 2006 & 2007 |
$1000 |
$2500 |
$5000 |
| 2008 & After |
$1000 |
|
|
* This includes Traditional IRA catch-up contributions
made by an employee into their own SEP IRA account.
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