Benefits of IRAsBy: Taylor Scott

Communications 1010

What is an IRA?

Traditional VS Roth

Possible Benefits

Coming Soon. . .

Individual Retirement Arrangement Types of IRAs

◦ Traditional◦ Roth◦ Sep◦ Simple

What is an IRA

Pre-Tax Money

Only Available Under Age 70 ½

Not Taxable Until Age 70 ½

Contribution Limits

RMDs

Traditional IRAs – Since 1975

Post-Tax Money

Available At Any Age

Contribution Limits

Growth Not Taxable

Not Required To Distribute

Roth IRAs – Since 1998

Can Claim Contributions On Income Taxes◦ If Qualified

Starting To Save Now Can Really Payoff!!

The Benefits

Contributing to an IRA now, can provide security later!!

“It’s a snowball effect, it’ll just grow”

Thank you