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Individual Retirement Plans

Retire Right! We’ll help you manage your financial planning, so you can focus on your bucket list planning.

Questions about how to maximize the nest egg you’ve already started building? Just beginning to think about saving for retirement and not sure which type of plan is best for you? No matter what stage you are at, we have the answers you’re looking for and the expertise to guide you.

We can help you choose from the following options:

Traditional IRAs

Traditional IRAs allow your earnings to grow tax-deferred. That means you won’t pay any taxes now, however you will pay taxes on your contributions and your earnings when you make withdrawals in retirement. This is a good option if you expect to be in a lower tax bracket in retirement.

Roth IRAs

Roth IRAs are funded with after-tax dollars. That means you pay the taxes on your contributions now, so when you withdraw money during retirement, there are no taxes to pay – not even on your earnings. This is a good option if you prefer to have taxes paid up front, don’t want to worry about the possibility of changing tax rates, or expect to be in a higher bracket than you are currently in.

Coverdell Education Savings Accounts

Coverdell Education Savings Accounts allow parents or guardians to make nondeductible contributions to an education savings plan for a child younger than 18. You can control your investments and funds can be withdrawn tax-free when spent on qualified expenses for K-12 and college expenses.

Simplified Employee Pension (SEP)

Simplified Employee Pension (SEP) are IRAs with increased contribution limits. These plans are best for self-employed individuals with fewer than 100 employees, who are looking to save more than allowed in traditional IRAs, but do not want to establish a Profit Sharing or 401(k) plan.


SIMPLE IRAs Rather than choosing a safe harbor 401(k) plan, a sole proprietor with employees may decide a SIMPLE IRA is a better choice. Like the safe harbor 401(k), the SIMPLE IRA allows the owner and participants to make annual salary deferrals, but with lower annual limits than the 401(k), and an employer contribution is required.


Self-employed? You can choose from any of the options above, or ask us about Employer Retirement Plans, which are also available to sole proprietors.


Let us help you take the guesswork out of your retirement planning.
Contact Tracey Norman, Vice President, Wealth Management at (518) 415-4436 or stop by any of our locations.