Do you have a plan for a financially fit retirement? If you are like most people your retirement plan probably needs some bulking up. An easy way to save, especially for those without access to a company-sponsored program like a 401(k), is an Individual Retirement Account (IRA). IRAs allow you to make tax-deferred investments to provide financial security when you retire. Whether retirement is still a few years away or something you’re ready for today, our experienced and trusted team of financial advisors can help you choose the best products and services to give you peace of mind knowing that you're going to be financially stable when you retire.
Planning for your retirement is like putting together a puzzle- you need just the right piece to fit your individual plan. There are the two most common types of IRAs: Traditional and Roth. Each offers unique benefits and holds various requirements but they differ on one main point; contributions to a Traditional IRA can be deducted from your taxes, but then the withdrawals made later on in life are taxed. For the Roth IRA, there are no deductions upfront and no taxes later.
* If you participate in an employer-sponsored retirement plan, tax deferment of contributions to a Traditional IRA depends on your Modified Adjusted Gross Income (MAGI) and your tax-filing status.
For Modified Adjusted Gross Income (MAGI) Limits for Roth IRAs contact your Financial Advisor.
I do all my banking with Fidelity mostly at the Clarks Summit Branch. I find everyone gives great customer service and is helpful if I have a question. Please don't lose that home town feel.