By: Taylor Scott Communications 1010.  What is an IRA?  Traditional VS Roth  Possible Benefits.

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Presentation transcript:

By: Taylor Scott Communications 1010

 What is an IRA?  Traditional VS Roth  Possible Benefits

 Individual Retirement Arrangement  Types of IRAs ◦ Traditional ◦ Roth ◦ Sep ◦ Simple

 Pre-Tax Money  Only Available Under Age 70 ½  Not Taxable Until Age 70 ½  Contribution Limits  RMDs

 Post-Tax Money  Available At Any Age  Contribution Limits  Growth Not Taxable  Not Required To Distribute

 Can Claim Contributions On Income Taxes ◦ If Qualified  Starting To Save Now Can Really Payoff!!

 Contributing to an IRA now, can provide security later!!  “It’s a snowball effect, it’ll just grow”