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Individual Retirement Accounts

As you look towards your future, Achieve Financial is here to help you secure a solid financial plan for retirement. We offer both Traditional and Roth IRA (Individual Retirement Account) Savings and Certificates to help you with your retirement planning. You may contribute to your IRA account through a lump sum deposit, rollover from a qualified plan or through payroll deduction.

IRAs can offer tax advantages and supplement other retirement investment plans you may have.*  Plus, your IRA savings are federally insured by the NCUA up to $250,000.

Traditional IRA

With a Traditional IRA, contributions made to your IRA may be tax deductible and your earnings are not taxed until they are withdrawn (if qualifications are met). You can begin withdrawing funds from your Traditional IRA after age 59 ½ without penalty, and must begin taking annual minimum distributions between age 70 ½ to 73 (depending on your birth year).

Roth IRA

Contributions made to a Roth IRA are not tax deductible but your earnings may be withdrawn tax-free when requirements are met. There is no age cut-off for making contributions to a Roth IRA, and the account is not subject to the Required Minimum Distribution (RMD) rules.

Funds from your Traditional or Roth IRA Savings can be used to open an IRA Certificate account.

To open an IRA Savings, please contact our Meriden or New Britain branch.

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IRA Resources

 

*Consult your tax advisor for details.