Traditional IRAs. Anyone with earned income can open a Traditional IRA. This IRA offers all the potential benefits of tax-deferred growth.and for a select few, the added advantage of tax deductions.
Roth IRAs. These types of IRAs are available to those within certain income limits. For those who qualify, Roth IRAs may offer the double whammy of tax-deferred growth potential now-and tax-free income later. (Subject to restrictions, of course, which you'll want to review.)
Rollover IRAs. These types of IRAs are designed to house money you have in an employer's plan or another IRA. As long as you transfer the money directly from your plan into your Rollover IRA, there's no contribution limit, no penalties, no income taxes, no headaches.
"Is your spouse not working?"
Doesn't mean an IRA can't work for him or her! In
fact, there's a special IRA for non-working spouses called the
Spousal IRA. That's easy to remember, isn't it? And just as
easy to open (as long as you file a joint tax return). If you
are interested in setting up an IRA we can help. Just let us
know, we are ready to
talk.
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