IRAs & Rollovers


There are two primary types of IRAs – Traditional and Roth. Each offers different tax advantages and a wide variety of investment choices.

You can choose one or both depending on your tax situation and income, but all IRAs together are subject to the combined contribution limit.

Traditional IRAs may allow you to receive a tax deduction equal to your contribution. The deductibility of a contribution is subject to income limitations depending on if you or your spouse are covered by a retirement plan at work. Distributions are taxed as ordinary income when withdrawn.

Roth IRAs are always funded with after-tax contributions and you will not receive a tax deduction. Your income must be under certain limits to be able to contribute. Qualified distributions are tax-free when withdrawn.

You can make contributions throughout the year or in a lump sum by the contribution deadline which is usually April 15th, or the actual tax return date, in the next year. Contribution rules are moving targets, so call us before executing a contribution plan.

Call us if you have a current 401(k) or 403(b), and your Lifetime Income Store Advisor can help determine if you are eligible to move it into a new plan that could better suit your long term needs.

If you have an old IRA or qualified retirement account, or you are changing jobs, or preparing for retirement with a 401(k), we can help you determine your best options to make it part of your long-term savings and/or income.

Self Employed and Small Business Retirement Plans

We can design turnkey retirement plans for business owners and employees. Give us a call when the time is right, and we can sit down with you to review all of the options.